A project with an initial cost of $29,700 is expected to generate cash flows of $7,300,$9,400, $9,450, $8,350, and $8,100 over each of the next five years, respectively. What is the project's payback period? O 3.81 years O 3.62 years O 3.64 years O 3.43 years O 3.54 years QUESTION 8 Living Colour Co. has a project available with the following cash flows: Year Cash Flow 0 -$32,030 1 8,540 2 10,330 3 14,890 4 16,370 5 11,480 If the required return for the project is 9.8 percent, what is the project's NPV? O $15,188.73 O $29,580.00 O $16,023.28 O $14,020.37 O $6,827.03