Consider a project that has an initial outlay of $2000. The firms cost of capital is 10%. The expected cash flows are: Year 1 = $950 Year 2 = $860 Year 3 = $970 What is the net present value and payback period for the project? $220.51; 2.30 years $181.07; 2.86 years $303.16; 2.20 years $280.15; 2.05 years