1. Heinlein Inc is considering investing in a project with a cost of $100k. If the project is expected to produce cash flows of $50k in year 1, $139k in year 2, and $498k in year 3, what is the payback period. Round the answer to two decimals.
2. Heinlein Inc is considering investing in a project with a cost of $100k. The project is expected to produce cash flows of $50 in year 1, 77 in year 2, and 92 in year 3. If the discount rate is 11.3% what is the discounted payback period.