You are considering a new project that will cost $750,000. The project is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $425,000 in year two, $250,000 in year three, and $280,000 in year four. Your required rate of return is 8%. What is the discounted payback period of the project?

		2.54 years
		2.98 years
		2.31 years
		2.74 years
		2.08 years

A company is considering a new project that will cost $750,000. The project is expected to generate positive cash flows over the next four years in the amounts of $300,000 in year one, $300,000 in year two, $250,000 in year three, and $180,000 in year four. The required rate of return is 8%. What is the projects payback period?

		2.33 years
		2.60 years
		2.83 years
		2.63 years
		2.50 years