Suppose you are trying to open a restaurant that requires the initial investment of $$120,000.$ You expect to generate net cash flows of

$20,000$;$40,000$;$50,000$;$60,000$; and $70,000$ in the next five years, respectively. The market rate of return on similar business is $20\%.$ You

reuire to recover the initial cash investment of the project in $3$ years using actual cash flows or $4$ years using discounted cash flows.