Question 3 1 pts Suppose the required rate of return is 8%. Find out the discounted payback period of the following project. If the required discounted payback period is 3 years, will you accept the project? year Cash Flow ($) -250,000 50,000 40,000 120,000 80,000 45,000 The discounted payback period for the project is 3.5 years. Accept the project. The discounted payback period for the project is 4.5 years. Accept the project. The discounted payback period for the project is 3.5 years. Reject the project. The discounted payback period for the project is 4.5 years. Reject the project. The project will not pay back on a discounted basis. Reject the project