Question 3 1 pts (3) Refer to the Capital Budgeting Narrative. What is the Discounted Payback Period of the project? Capital Budgeting Narrative: Doga Bank is considering a new project. The initial investment required is $46,000 and the cost of capital is 9%. Expected cash flows over the next four years are given below: Years Cash Flow (5) 6,000 30.000 14,000 70,000 3.1 years 2.7 years 2.3 years 2.2 years 3.0 years D Question 4 1 pts (4) Refer to the Capital Budgeting Narrative. What is the MIRR of the project? Capital Budgeting Narrative: Carbon Design is considering a new project. The initial investment required is $80,000 and the cost of capital is 6%. Expected cash flows over the next four years are given below: Years Cash Flow ($) 7,000 48,000 59,000 40,000 19.0% 23.4% 6.0% 19.8% 18.6%