QUESTIONS Project Y has an initial cost of $81,178, and its expected net cash inflows are $21,000 per year for 7 years. The firm has a WACC of 14 percent, and Project Y's risk would be similar to that of the firm's existing assets. What is Project Y's payback period? a. 3.87 years b.4.00 years c. 3.53 years 0.3.73 years e. 3.00 years