[2] Consider the following project's cash flows: Year Project's Cash Flow ($) 0 -$10,000 1 3,000 2 4,000 3 2,500 4 1,500 5 2,500 6 1,500 (5%) (a) What is the conventional payback period of the project? (10%) (b) Assuming i = 10%, calculate the discounted payback period for the project