Carol is hoping that an investment of

$29,900

will provide additional revenue to the store of

$18,000

per year for 3 years. Her partner in crime, Steven, is confident that a larger investment of

$39,700

will be required to bring in a steady flow of

$23,000

in new revenue per year for 3 years.\ Determine the discounted payback period for each investment (using before-tax cash flows). The company's required rate of return is 9%. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 2 decimal places e.g. 15.25.)\ Click here to view the factor table\ Discounted payback period

Carol is hoping that an investment of $29,900 will provide additional revenue to the store of $18,000 per year for 3 years. Her partner in crime, Steven, is confident that a larger investment of $39,700 will be required to bring in a steady flow of $23,000 in new revenue per year for 3 years. Determine the discounted payback period for each investment (using before-tax cash flows). The company's required rate of return is 9\%. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 2 decimal places e.g. 15.25.)