DMH Inc. is evaluating a project with an initial investment of $100,000. The project is expected to generate cash flow of $50,000 in Year 1,40,000 in Year 2 and $30,000 in Year 3. If DMH's wacc is 10%, what is the project's discounted payback period? 3.95 years 3.67 years 2.95 years 2.67 years Mirha Enterprises is analyzing an expansion project with an initial investment of $8,000. The frim is expected to generate cash flows of $4,000 in year 1,$5,000 in year 2,$3,000 in year 3 and $2,000 in year 4 . What is this project's payback period? 4 years 1.8 years 2.8 years 2 years