Ace Ventura Dophin Rescue company is growing and has computed the following expected cash flows for a new project. What is the discounted payback period (in years), if the initial cost is $300,000? The company must get all its money back within three years using an 11% discount rate , do you invest ? Year Cash Flow (300,000) 1 25,000 2 129,000 3 233,000 4 337,000 5 441,000

Answer Payback Period (years) = Yes or No