Monster Beverage is considering purchasing a new canning machine.

This machine costs $$3,500,000$ up front.

Required return $=10\mathrm{.}9\%$

Year

Cash Flow

Discounted Cash Flow

$0$

$$-3,500,000$

$$-3,500,000$

$1$

$$1,000,000$

$$901,713$

$2$

$$1,200,000$

$$975,704$

$3$

$$1,300,000$

$$953,122$

$4$

$$900,000$

$$594,999$

$5$

$$1,000,000$

$$596,132$

will the discounted payback be shorter or longer than the payback period calculated earlier?