1. Below is a table of Cash flow estimates given Turnkey purchases another type of equipment.

1. Complete the table below using the Discounted Payback Period. Assume the wacc=8%

Year	Cash Flow	PV Cash Flows	Cumulative
0	-22,000
1	0
2	16,000
3	13,000
4	10,000

2. What is the Discounted Payback Period? _____
3. Assume management wants its money back within 3.5 years. Assume wacc=8%. Would Turnkey management accept this project if they used the Discounted Payback Method? _______Explain.