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(Discounted payback period) You are considering a project with the following cash flows:. If the...

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Finance

(Discounted payback period) You are considering a project with the following cash flows:. If the appropriate discount rate is 9 percent, what is the project's discounted payback period?

YEAR ------- PROJECT CASH FLOW 0 ------- -30,000 1 ------- 10,000 2 ------- 10,000 3 ------- 10,000 4 ------- 10,000

The project's discounted payback period is ____ years. (Round to two decimal places)

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