Suppose a project has the following cashflows and the discount rate (required return) is 11%. t 0 1 2 3 4 5 Cash flow (30,000) 8,000 10,000 11,000 17,000 12,000 The project's discounted cashflow turns positive between year 4 and 5, to be precise it is 4.22 The project's discounted cashflow turns positive between year 4 and 5, to be precise it is 4.12 The project's discounted cashflow turns positive between year 3 and 4, to be precise it is 3.50 The project's discounted cashflow turns positive between year 3 and 4, to be precise it is 3.59