a. The cash flows associated with an investment project are as follows: 4. Year Year 0 Year 1 Year 2 Year 3 Year 4 Cash Flows (RM70,000) 20,000 30,000 30,000 30,000 What's the payback period of the project? If a firm's cutoff payback period is 3 years, should it accept the project? Why or why not? 16 marks)