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Using a 7% annual cost of capital, what is the discounted payback period in years (round...

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Finance

Using a 7% annual cost of capital, what is the discountedpayback period in years (round to 2 decimal places) of thepotential project below?

Year Cash Flow

0 -$5,000

1 $1,609

2 $1,693

3 $1,558

4 $1,545

5 $1,582

Please include the steps to plug into a financial calculator,thank you

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Using a 7% annual cost of capital, what is the discountedpayback period in years (round to 2 decimal places) of thepotential project below?Year Cash Flow0 -$5,0001 $1,6092 $1,6933 $1,5584 $1,5455 $1,582Please include the steps to plug into a financial calculator,thank you

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