A project has an initial cost of $12,300 and produces cash inflows of $5,200 $5,300, and $4,800 over Years 1 to 3. respectively. What is the discounted payback period if the required rate of return is 12 percent? A project has an initial cost of $12,300 and produces cash inflows of $5,200, $5,300, and $4,800 over Years 1 to 3, respectively. What is the discounted payback period if the required rate of return is 12 percent