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Oxygen Optimization is evaluating a project that would cost 67,000 dollars today. The project is expected to have the following other cash flows: 25,500 dollars in 1 year, 28,900 dollars in 2 years, 229,525 dollars in 3 years, and 6,900 dollars in 4 years. The cost of capital of the project is 9.18 percent. What is the discounted payback period for the project? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).

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Financial Management, Finance

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