You are planning to open a restaurant in Brickell. Following the initial investment of $1,068,500, the expected cash flows over the next 4 years are as follows. What is the payback period of this project? t Cash Flows 1 $334,968 2 $390,602 3 $463,951 4 $310,756

You are planning to open a restaurant in Brickell. Following the initial investment of $1,019,177, the expected cash flows over the next 4 years are as follows. What is the discounted payback period of this project? Assume the discount rate is 3% t Cash Flows 1 $487,724 2 $392,963 3 $380,244 4 $341,469