Consider the new product launch project that Nagano Golf is considering. The NX-20 project is a proposed high-end amateur clubs that requires an initial investment of $420,000 at Time 0. Cash flows at year 1 -5 are shown below. The introduction of a new product at year 6 will terminate further cash flows from this project. Assume a cost of capital of 15% where necessary to solve the following problems Year NX-20 0 -$420,000 1 $120,000 2 $132,000 3 $145,000 4 $199,720 5 $206,692 What is the undiscounted Payback Period for project NX-20 2.78 years 4.33 years 4.63 years 3.12 years 3.58 years Continuing with the Nagano Golf NX-20 project, what is the discounted payback period for this project? The Discounted Payback Period is Longer Than 5 Years 2.78 3.07 4.94 4.06