Crane Unlimited is considering purchasing an additional delivery truck that will have a seven-year useful life. The new truck will cost $41,600. Cost savings with this truck are expected to be $12,700 for the first two years, $8,800 for the following two years, and $5,000 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 answer to 2 decimal places, e.g., 52.75.)

Discount payback period ____ years