Coronado Unlimited is considering purchasing an additional delivery truck that will have a seven-year useful life. The new truck will cost $35,000. Cost savings with this truck are expected to be $11,200 for the first two years, $7,100 for the following two years, and $4,100 for the last three years of the trucks useful life. What is the payback period for this project? (Round answer to 2 decimal places, e.g. 52.75.)

Payback period

years

What is the discounted payback period for this project with a discount rate of 10 percent? (Round intermediate calculations to 5 decimal places, e.g. 0.42355. Round answer to 2 decimal places, e.g. 52.75.)

Discounted payback period

years