Cute Camel Woodcraft Company is a small firm, and several of its managers are worried about how soon the firm will be able to recover its initial investment from Project Delta's expected future cash flows. Complete the following table and compute the project's conventional payback period. For full credit, complete the table.

Expected cash flow: -5,000,000 Year 0; 2,000,000 Year 1; 4,250,000 Year 2; 1,750,000 Year 3

Cumulative cash flow: (Calculate for all 3 years)

Conventional payback period: (Calculate)

The conventional payback period ignores the time value of money, and this concerns Cute Camel's CFO. He has now asked you to compute Delta's discounted payback period, assuming the company has 7% 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, complete the entire table.

Cash flow: -5,000,000 Year 0; 2,000,000 Year 1; 4,250,000 Year 2; 1,750,000 Year 3

Discounted cash flow: (Calculate all 3 years)

Cumlative discounted cash flow: (Calculate all 3 years)

Discounted payback period: (Calculate)