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(15). A firm initial cash outlay is $100,000 and earns $70,000 in year 1, $30,000 in year 2, $30,000 in year 3, $25,000 in year

(15). A firm initial cash outlay is $100,000 and earns $70,000 in year 1, $30,000 in year 2, $30,000 in year 3, $25,000 in year 4, and $10,000 in year 5. What is the payback period and the discounted payback period if its cost of capital is 10%? **PLEASE, DOUBLE CHECK YOUR ANSWER BEFORE SUBMISSION. I'VE BEEN GETTING A LOT OF WRONG ANSWERS HERE ON CHEGG! THANK YOU!**

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