Question: You are planning to open a restaurant in Brickell. Following the initial investment of $ 8 0 1 , 1 2 5 , the expected

You are planning to open a restaurant in Brickell. Following the initial investment of $801,125, the expected cash flows over the next 4 years are as follows. What is the discounted payback period of this project?
Assume the discount rate is 3%
t Cash Flows
1,$279,565
2$439,876
3,$349,771
4$398,292
*Round your answer to the nearest two decimals
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