Suppose you calculate the ordinary payback for a project. given the project cash flows and a required rate of return of 12%. After you calculate the ordinary payback; you discover that the actual required rate of return is 14%. The new payback you calculate using a required rate of return of 1446 would be lower than the payback calculated with a required rate of return of 12%. higher than the payback calculated with a required rate of refurn of 12% the same as the payback calculated with a required rate of retum of 12%. uncertain because in could be elther lower or higher than the payback calculated with a required rate of return of 12%