ABC Inc. is looking at investing in a 3-year project that will create cash inflows of $7,000 in the first year, $8,000 in the second year, and $9,000 in the third year. The cost of this project is $18,000, and the required return is 12%. Using the discounted payback period rule and a cutoff point of 2.5 years, should the company invest in this project? Multiple Choice 28.07 Yes. ABC should invest in this project because the discounted payback is greater than 3 years No, ABC should reject this project because the discounted payback is approximately 23 years No, ABC should reject this project because the discounted payback is approximately 28 years No, ABC should reject this project because the discounted payback is approximately 23 years. No, ABC should reject this project because the discounted payback is approximately 2.8 years Yes, ABC should invest this project because the discounted payback is approximately 2.8 years Yes, ABC should invest in this project because the discounted payback is approximately 2.6 years