You are reviewing a new project and have estimated the following cash flows:

Year 0: CF = $-100,000;

Year 1: CF = $25,000;

Year 2: CF = $50,000;

Year 3: CF = $25,000;

Year 4: CF = $50,000

Your required return for assets of this risk level is 10%.

What is the discounted payback period of this project?