Question 3 Adapted from Essentials of Corporate Finance, Asia Global Edition by Ross, Westerfield, Jordan, Wong (10th edition), Chapter 9, Basic Question 14 Kolby's Korndogs is looking at a new sausage system with an installed cost of \\( \\$ 655,000 \\). The cost will be depreciated straight-line to zero over the project's five year life, at the end of which the sausage system can be scrapped for \\( \\$ 85,000 \\). The sausage system will save the firm \\( \\$ 183,000 \\) per year in pre-tax operating costs, and the system requires an initial investment in net working capital of \\( \\$ 35,000 \\) which is recoverable at the end of the project. If the tax rate is \22 and the discount rate is \8, what is the discounted payback period of the project? Use the template provided