Your division is considering an investment projects which requires an up-front expenditure of $85 million. You estimate that the cost of capital is 6.00% and that the investments will produce the following after-tax cash flows (in millions of dollars): Year |CF in millions 0 -85 1 11 2 22 3 30 4 19 5 27 6 31 7 15 What is the discounted payback period for this project? 2.36 O 1.37 O 4.18 4.73 9.89Your division is considering an investment projects which requires an up-front expenditure of $150 million. You estimate that the cost of capital is 8.00% and that the investments will produce the following after-tax cash flows (in millions of dollars): Year CF in millions 0 -150 1 8 2 19 3 40 4 30 5 20 6 32 7 30 8 10 9 49 What is the regular payback period for this project? 2.71 O 2.50 O 1.24 O 2.06 6.03