Question: begin{tabular}{|c|c|c|c|} hline 1 & A & B & C hline 2 & Period & Cash Flows & hline 3 & 0 & (60,000)

\begin{tabular}{|c|c|c|c|} \hline 1 & A & B & C \\ \hline 2 & Period & Cash Flows & \\ \hline 3 & 0 & (60,000) & \\ 4 & 1 & 5,000 & \\ 5 & 2 & 15,000 & \\ 6 & 3 & 12,000 & \\ \hline 7 & 4 & 23,000 & \\ 8 & 5 & 15,000 & \\ 9 & 6 & 20,000 & \\ 10 & 7 & 23,000 & \\ 11 & 8 & 24,000 & \\ 12 & & & \\ 13 & Discount Rate & & \end{tabular} Please see this attached Excel spreadsheet with cash flows for a potential project. Calculate the discounted payback period of the project assuming a discount rate of 11%. Report your answer in years rounded to two decimal places. Your
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