A new project will have an intial cost of $50,000. Cash flows from the project are expected to be $-25,000, $20,000, $30,000, $40,000 and $40,000 over the next 5 years, respectively. Assuming a discount rate of 15%, what is the project's discounted payback period?

Question 1 options:

	4.00
	4.71
	4.09
	4.23
	4.38

Cash flows from a new project are expected to be $2,000, $4,000, $8,000, $20,000 and $20,000 over the next 5 years, respectively. Assuming an initial cost of $35,000 and a required return of 10%, what is the project's PI?

Question 2 options:

	1.02
	0.99
	1.06
	1.08
	1.11