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 $=-95,000$

Year $1$ cash flow $=-18,000$

Year $2$ cash flow $=52,000$

Year $3$ cash flow $=48,000$

Year $4$ cash flow $=54,000$

Year $5$ cash flow $=54,000$

Year $6$ cash flow $=47,000$