Chapter 10 (Part 1); PAYBACK PERIOD and DISCOUNTED PAYBACK PERIOD 10-1 The Tiger Co. is considering an expansion of its product line and has estimated the following cash flows associated with such an expansion. The Initial cash outflow would be $1,950,000 and the project would generate cash inflows of $450,000 per year for 6 years. The required rate of return is 9% b. Calculate the project's Discounted Payback Period. Should the project be accepted or rejected? Explain