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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

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 =-26,000
Year 2 cash flow =35,000
Year 3 cash flow =49,000
Year 4 cash flow =52,000
Year 5 cash flow =51,000
Year 6 cash flow =47,000
Required rate of return =13.00%
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