For the cash flow shown below, estimate the payback period using the Conventional payback method and Discounted payback method: The interest rate is 5%

Note: Follow the end-of-period convention for your answer.

Enter an integer number of years!

Period	Cash flow
0	-$85,000
1	$10,000
2	$15,000
3	$20,000
4	$45,000
5	$50,000
6	$61,000
7	$72,000
8	$83,000
9	$94,000
10	$105,000
11	$116,000
12	$127,000
13	$138,000
14	$149,000
15	$160,000
16	$171,000
17	$182,000
18	$193,000
19	$204,000
20	$215,000

Conventional payback method: Answer years Discounted payback imethod: Answer years