Initial outlay, Year 0 Inflow, Year 1 Project A $50,000 $12,000 $12,000 $12,000 Inflow, Year 2 Inflow, Year 3 Project B -$70,000 $13,000 $13,000 $13,000 $13,000 $13,000 $13,000 Inflow, Year 4 $12,000 Inflow, Year 5 Inflow, Year 6 $12,000 $12,000 b. Calculate the Discounted Payback period for each project. Which project(s) should be accepted? Explain. Project A: Project