What is the discounted payback period on Versace's proposed investment in a new line of fashion clothes? The expected cash flows appear below. Note that year 0 and year 1 cash flows are negative. (Answer in years; round to 2 decimals) Year 0 cash flow =88,000 Year 1 cash flow =34,000 Year 2 cash flow =39,000 Year 3 cash flow =49,000 Year 4 cash flow =52,000 Year 5 cash flow =49,000 Year 6 cash flow =47,000 What is the discounted payback period on Versace's proposed investment in a new line of fashion clothes? The expected cash flows appear below. Note that year 0 and year 1 cash flows are negative. (Answer in years; round to 2 decimals) Year 0 cash flow =88,000 Year 1 cash flow =34,000 Year 2 cash flow =39,000 Year 3 cash 1 low =49,000 Year 4 cash flow =52,000 Year 5 cash flow =49,000 Year 6 cash flow =47,000 Required rate of return =13.00%