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​(Discounted payback period​) Sheinhardt Wig Company is considering a project that has the following cash​ flows:...

​(Discounted payback period​) Sheinhardt Wig Company is considering a project that has the following cash​ flows: If the​ project's appropriate discount rate is 9 ​percent, what is the​ project's discounted payback​ period? The​ project's discounted payback period is nothing years. ​(Round to two decimal​ places.)

YEAR   PROJECT CASH FLOW
0   -60,000
1   20,000
2   50,000
3   65,000
4   55,000
5   40,000

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