A project with a cash outlay now is followed by positive expected cash flows in the future and payback period less than economic life. Is its net

A project with a cash outlay now is followed by positive expected cash flows in the future and payback period less than economic life. Is its net present value positive or negative? Explain?

Now suppose that the discounted payback period is less than the useful life of the project. Is its net present value positive or negative? Explain.