Berkshire Hathaway Inc. is evaluating two investment projects. Project X requires an initial investment of $500,000 and generates cash flows of $150,000 per year for 5 years. Project Y requires an initial investment of $600,000 and generates cash flows of $200,000 per year for 6 years. Calculate the discounted payback period for each project using a discount rate of 10%.

Project	Initial Investment	Annual Cash Flows	Maturity (Years)	Discounted Payback Period
X	$500,000	$150,000	5
Y	$600,000	$200,000	6