Now find the discounted payback period for the investment assuming uniform net cash inflows. (Use factors to three decimal places, X.XXX. Round your answer to two decimal places.)

Spruce Grove Laundromat is trying to enhance the services it provides to customers, mostly college students. It is looking into the purchase of new high-efficiency washing machines that will allow for the laundry's status to be checked via smartphone. Spruce Grove estimates the cost of the new equipment at $203,000. The equipment has a useful life of 9 years. Spruce Grove expects cash fixed costs of $75,000 per year to operate the new machines, as well as cash variable costs in the amount of 5% of revenues. Spruce Grove evaluates investments using a cost of capital of 8%. (Click the icon to view the future value of $1 factors.) (Click the icon to view the future value annuity of $1 factors.) (Click the icon to view the present value of $1 factors.) (Click the icon to view the present value annuity of $1 factors.) Requirement 1. Calculate the payback period and the discounted payback period for this investment, assuming Spruce Grove expects to generate $165,000 in incremental revenues every year from the new machines. First find the payback period for the investment assuming uniform net cash inflows. (Round your answer to two decimal places.) years Now find the discounted payback period for the investment assuming uniform net cash inflows. (Use factors to three decimal places, X.XXX. Round your answer to two decimal places.) years Required 1. Calculate the payback period and the discounted payback period for this investment, assuming Spruce Grove expects to generate $165,000 in incremental revenues every year from the new machines. 2. Assume instead that Spruce Grove expects an uneven stream of incremental cash revenues from installing the new washing machines. Based on this estimated revenue stream, what are the payback and discounted payback periods for the investment