Tyson Products is considering an investment projects with the following cash flows:

Year Project A Cash Flow

1. -$10,000

1 40,000

2 90,000

3 30,000

4 60,000

The company has a 10% cost of capital. What is the projects discounted payback? If the required discounted payback is 2 years, should the company accept or reject the project using the discounted payback criteria? (Make sure you show step by step how you get the answer, not in excel).