8. Problem: Payback (2 parts) Consider the following cash flows: Year Cash Flows -7,800 1 3,100 2 3.200 3 2.000 4 1400 2. What is the payback period for the above set of cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) Payback cash flows? round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) Payback 25 b. If the decision rule is equal or less than 25 years, do you Accept or Reject the project? Write in the word Accept or Reject cose sensitive) Accept or Reject