Latavia Inc. considers an investment project which is expected to generate the following free cash flows in the next 5 years.

1 2 3 4 5 160 000 240 000 280 000 200 000 180 000 The relevant discount rate of the project is 20% and the cost of the project is 400 000. The firm evaluates the feasibility of this investment on the basis of the net PV method and the discounted payback method. The CEO of the company demand payback in three years. Given this information