Nugent Communication Corp. is investing $9,365,000 in new technologies. The company expects significant benefits in the first three years after installation (as can be seen by the following cash flows), and a constant amount for four more years. What is the discounted payback period for the project assuming a discount rate of 10 percent?
Cah flows are year 1 $2,265,433 year 2 4,558,721, year 3 3,378,911 year 4 1,250,000