The conventional payback period ignores the time value of money, and this concerns Cute Camel?s CFO. He has now asked you to compute Delta?s discounted payback period, assuming the company has a 7% cost of capital.

Complete the following table and perform any necessary calculations. Round the discounted cash flow values to the nearest whole dollar, and the discounted payback period to the nearest two decimal places.

(See attached for the table)