Consider the following table that shows expected annual cash flows from a proposed investment. Year Cash Flow 0 -$70 1 $20 $30 2 3 $30 4 $30 If the annual required return is 13%, what is the payback period of the project (rounded to the first decimaly If the firm's cutoff discounted payback period is 3 years, should it accept the project? OA 3.3 years accept the project O. 2.7 years, reject the project 3.6 years reject the project OD.3.6 years; accept the project 3.3 years, reject the project oc