Given the following cash flows for a capital project, calculate its payback period and discounted payback period. The required rate of return is 8 percent. Year 0 1 2 3 4 5 Cash Flows $-38800 $10350 $13150 $15300 $7000 $5000 The discounted payback period is O 0.16 year longer than the payback period. O 0.80 year longer than the payback period. O 1.19 years longer than the payback period. O 1.85 years longer than the payback period