Suppose a company had an initial investment of $$50,000.$ The cash flow for the next five years are $$16,000,$

$$14,000,$$$15,000,$$$17,000,$ and $$16,000,$ respectively. The interest rate is $6\%.$ Enter your answer rounded to $2$

DECIMAL PLACES.

What is the discounted payback period?

If the firm requires a discounted payback periods $4$ years or less, will the project be accepted?