Acme, Inc. is considering a 4-year project that has an initial cost of $100,000. The respective cash inflows for years 1, 2, 3 and 4 are as follows: $50,000, $40,000, $30,000 in $20,000 respectively. Acme uses the discounted payback period method and has a discount rate of 11.5%. Should Acme accept the project if its payback period hurdle is 3 years? (Hint: first discount each cash flow to PV) a) No, because it pays back in 3.10 years b) Yes, because it pays back in 3.27 years c) Yes, because it pays back in 2.97 years d) No, because it pays back in 3.27 years