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Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $17,000, $18,000, $19,000, $17,000, and $20,000, respectively.

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Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $17,000, $18,000, $19,000, $17,000, and $20,000, respectively. The interest rate is 6%. Enter your answer rounded to 2 DECIMAL PLACES. What is the discounted payback period? Number If the firm requires a discounted payback periods 3 years or less, will the project be accepted? Yes O NO

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