t Question Internet Explorer sapolia.com/af/servlet/quiz?quiz action-takeQuiz&quiz probGuid QNAPCOA801010000003854a910080000&cto lytlej-00048 ck 0.149 Homework Eleven Due Sunday 05.07.17 at 1115 PM Graded Assignment I Read Chapter 11, IBack to Assignment 12 Keep the Highest 4. The payback period The payback method helps firms establish and identify a maximum acceptable payback period that helps in their capital budgeting dedsions. Consider the case of Fuzzy Button dothing Company: Fuzzy Button clothing company is a small firm, and several of its managers are worried about how soon the firm wil be able to recover its initial investment from Project Alpha's expected future cash fows To answer this question, Fuzzy Button's aFo has asked that you compute the projects payback period using the following expected net cash fons and assuming that the cash flows are reoeived evenly throughout each year. Complete the following table and computethe projects conventional payback period. For full credit, complete the entire table. Year 1 Year 2 Year 4.000.000 si 600,000 $3M00,000 $1400,000 cumulative cash flow The conventional payback period ignores the time value of money, and this concems fuzzy Button s cFo. He has now asked you to compute Alpha's discounted payback period, assuming the company has a i cost of capital. complete the following table and perform any necessary calculations Round the discounted cash flow values to the nearest nhole dolar, and the discounted payback period to the nearest two decmal places For full credit, complete the Year 2 51,600 S3 400.000 400,000 11:0