You are evaluating a project for your company. The initial outlay for the project is $5,000,000, and free cash flows for the project are $1,000,000, $3,000,000, $3,000,000, $4,000,000 and $4,000,000. For risk analysis, you utilize the Payback and Discounted Payback methods to trigger increased risk scrutiny. Your standard is, any project that goes longer than 3 years under either metric will go through these increased risk tests. If your required rate is 12%, does this project qualify for increased scrutiny? Any problems with this approach?