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Suppose a company had an initial investment of $45,000. The cash flow for the next five years are $14,000, $17,000, $14,000, $14,000, and $16,000, respectively.

Suppose a company had an initial investment of $45,000. The cash flow for the next five years are $14,000, $17,000, $14,000, $14,000, and $16,000, respectively. The interest rate is 10%. What is the discounted payback period? Enter your answer rounded to 2 DECIMAL PLACES.

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