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Given the following cash flows for a capital project for the jerry Corp., calculate its payback period and discounted payback period. The required rate of

Given the following cash flows for a capital project for the jerry Corp., calculate its payback period and discounted payback period. The required rate of return is 8 percent.

Cashflows: Year 0 = -50,000; Year 1 = 15,000; Year 2 = 15,000; Year 3 = 20,000; Year 4 = 10,000; and Year 5 = 5,000.

The discounted payback period is

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