An investment project requires an initial investment of $100,000. The project is expected to generate net cash inflows of $29,750 per year for the next five years. These cash inflows occur evenly throughout the year. Assuming a 12% discount rate, the project's payback period is (Ignore income taxes.): 1.40 years 0.29 years O 3.36 years O 3.57 years The assumption that the cash flows from an investment project are reinvested at the company's discount rate applies to: O only the internal rate of return method. O both the internal rate of return and the net present value methods. only the net present value method. o neither the internal rate of return nor net present value methods