A proposed project has cash inflows of $5,200 in year 1, $6,300 in year 2, $7,100 in year 3, and $8,400 in year 4, and a discount rate of 14.50%. a. What is the discounted payback period for these cash flows if the initial cost is $8,000? b. What is the discounted payback period for these cash flows if the initial cost is $11,000? c. What is the discounted payback period for these cash flows if the initial cost is $14,000? An investment project that provides annual cash flows of $18,200 for nine years costs 578,000 today. What is the NPV for the project if the required return is 8%? At a required return of 8% should the firm accept this project?