Assume the firm invests $100,000 today to get $20,000 at Year 1, $30,000 at Year 2, $25,000 at Year 3, $35,000 at Year 4, $40,000 at Year 5, and $16,500 at Year 6. Assuming the Interest (discount) rate of 9.8%, what is the Payback period for this project?

Group of answer choices

3.50 years

4.56 years

3.71 years

5.42 years

Same facts as above: what is the Discounted Payback Period for this project?

Group of answer choices

3.50 years

5.42 years

3.71 years

4.56 years