8. (8 marks) Silky Smooth Studio (SMS) is considering investing in a movie project. The expected cash flows of the project are given in the table below. Year 0 1 2 3 Cash Flow -$100,000 $45,000 $45,000 $45,000 The required return of the project is 12 percent. a. Using Net Present Value as the decision criterion, should SMS invest in this movie? Explain carefully. (5 marks) b. What is the discounted payback period of this project