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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, $19,000, $16,000, $14,000, and $19,000, respectively.

Suppose a company had an initial investment of $45,000. The cash flow for the next five years are $14,000, $19,000, $16,000, $14,000, and $19,000, respectively. The interest rate is 10%. Enter your answer rounded to 2 DECIMAL PLACES.

What is the discounted payback period?

If the firm requires a discounted payback periods 3 years or less, will the project be accepted?

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