Suppose a company had an initial investment of $50,000. The cash flow for the next five years are $14,000, $13,000, $13,000, $19,000, and $14,000, respectively. The interest rate is 5%. 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?

Yes

OR.

No