Question $13$

$1\mathrm{.}5$ pts

You are planning to open a restaurant in Brickell. Following the initial investment of $$949,759,$ the expected cash flows over the next $5$ years are as follows. What is the discounted payback period of this project?

Assume the discount rate is $3\%$

t

Cash Flows

$1$

$$367,701$

$2$

$$340,724$

$3$ $$564,320$

$4$

$$414,250$

$*$Round your answer to the nearest two decimals

Question $14$

$1\mathrm{.}5$ pts

You are planning to open a restaurant in Brickell. Following the initial investment of $$849,416,$ the expected cash flows over the next $5$ years are as follows. What is the payback period of this project?

t

$1$

$2$

$3$

$4$

Cash Flows

$$441,793$

$$387,111$

$$495,625$

$$352,675$

$*$Round your answer to the nearest two decimals