A company is determining whether or not to invest in a project of limited duration. The cash flows that A. to th e project are as follows: Annual Cash Flows $200,000 $200,000 $200,000 $200,000 $200,000 Year 1 Year 2 Year 3 Year 4 Year 5 The payback period has been determined to be three and one-half years. What is the amount of the initial investment? invest in a project of limited duration. The cash flows that B. A company is determining whether or not to correspond to the project are as follows: Annual Cash Flows $100,000 $200,000 $100,000 $400,000 Year 1 Year 2 Year 3 Year 4 Year 5 $200,000 The initial investment required to start this project is $700,000. 1) What is the payback period? 2) What is the discounted payback period, assuming that the required cost of capital is 10 percent? (Round your cumulative cash flows to the nearest whole number. Round your final answer to two decimal points.)