Cold Goose Metal Works Inc. is a small firm, and several of its managers are worried about how soon the firm will be able to recover its initial investment form Project Alphas expected future cash flows. To answer this question, Cold Gooses CFO has asked that you compute the projects payback period using the following expected net cash flows and assuming that the cash flows are received even.ly throughout each year.

Complete the following table and compute the projects conventional payback period. For full credit, complete the entire table.

	year 0	year 1	year 2	year 3
expected cash flow	-6,000,000	$2,400,000	$5,100,000	$2,100,000
comulative cash flow	???	???	???	???
conventional payback period	???

The conventional payback period ignores the time value of money, and this concerns Cold Gooses CFO. He has now asked you to compute Alphas discounted payback period, assuming the company has a %10 cost of capital. Complete the following table and perform any necessary calculations. Round the discounted cash flow values to the nearest whole dollar, and the discounted payback period to the nearest two decimal places. For full credit, compete the entire table.

	Year 0	year 1	year 2	year 3
cash flow	-6,000,000	$2,400,000	$5,100,000	$2,100,000
discounted cash flow	???	???	???	???
cumulative discounted cash flow	???	???	???	???
discounted payback period	???