The discount rate that sets the present value of a project's cash inflows equal to the present value of the project's investment is called: Group of answer choices NPV 1 payback period IRR ARR Chris Tellson invested in a project with a payback period of 4 years. The project earns $30,000 cash each year for 8 years. Chris's required minimum rate of return is 8%. How much did Chris initially invest? Group of answer choices $120,000 $7,500 $75,000 $240,000 olish (United States W VIL