Q3 (25 marks) a. a) An investment project has annual cash inflows of $4,200, $5,300, $6,100, and $7,400, and a discount rate of 14%. What is the discounted payback period for these cash flows if the initial cost is $7,000? b. What is the discounted payback period for these cash flows if the initial cost is $10,000? c. What is the discounted payback period for these cash flows if the initial cost is $13,000? He O b) A project that provides annual cash flows of $17,300 for nine years costs $78,000 today. a. What is the NPV for the project if the required return is 8? At a required return of 8% should the firm accept this project? b. What is the NPV for the project if the required return is 20%? At a required return of 20% should the firm accept this project? At what discount rate would you be indifferent between accepting the project and rejecting it