A certain project with the following cash flows has been proposed. The board uses the Payback method and will approve only projects that pay back within 3.5 years. Use a discount rate of 8%. Year 0 Investment 650,000 Year 1 Income 305,000 Year 2 Income 295,000 Year 3 Income 125,000 Year 4 Income 117,333 When will the project pay back (number of years)? ___________ Is this a Go or a No Go? ____________ When will the project pay back using Discounted Payback? _______ Is it a Go or a No Go? ____________