Aggressive Corporation has a proposal for a project that will have the following cash flows in the next three years. The board of Aggressive will not approve any projects that will pay back in more than 3 years. What is the payback period and the discounted payback period for this project? The discount rate is 10%. Using each method, is it a “Go” or a “No Go?”

Investment Beginning of Year 1            200,000

Income End of Year 1                      60,000

Income End of Year 2                      80,000

Income End of Year 3                      100,000