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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

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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 =94,000 Year 1 cash flow =33,000 Year 2 cash flow =35,000 Year 3 cash flow =51,000 Year 4 cash flow =51,000 Year 5 cash flow =48,000 Year 6 cash flow =53,000 Required rate of return =17.00%

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