Consider the following cash flows: Year Cash Flow 0 $ 5,800 1 1,700 2 3,100 3 1,500 4 1,200 What is the payback period for the cash flows? 2.17 years 2.67 years 3.17 years 3.67 years Flag this Question Question 2 5 pts (Previous question continued) What is the discounted payback period if discount rate is assumed to be 6%? 2.69 years 3.19 years 3.69 years 4.19 years Flag this Question Question 3 4 pts (Previous question continued) If the cutoff is 3 years, should we accept the project using payback rule and discounted payback rule, respectively? Yes; Yes Yes; No No; Yes No; No