please answer #2 in completely! I dont understand what percentage the discounted values should be!

Your company is considering undertaking a project to expand an existing product line. The required rate of return on the project is 8x, and the maximum allowable payback period is 3 years. Questions Evaluate the project using each of the following methods. For each method, should the project be accepted or rejected? Justify your answer based on the method used to evoluate the project's cash flows. 1. Payback period 2. Internal Rate of Rotum (RRR) 3. Simple Rate of Return 4. Net Present Value Your company is considering undertaking a project to expand an existing product line. The required rate of return on the project is 8x, and the maximum allowable payback period is 3 years. Questions Evaluate the project using each of the following methods. For each method, should the project be accepted or rejected? Justify your answer based on the method used to evoluate the project's cash flows. 1. Payback period 2. Internal Rate of Rotum (RRR) 3. Simple Rate of Return 4. Net Present Value