A new project has a cost of $95,000, with annual cash flows of $23,000, $44,000, $56,000, $18,500 and $52,000 in years 1-5, respectively. The firm has a discount rate of 12%. Find the following for the project and make a decision in each case and a final decision at the end (with explanations):

Discounted payback period (benchmark period is 3.65 years)