Sample Project Data: Year 0: CF = -165,000 Year 1: CF = 63,120 Year 2: CF = 70,800 Year 3: CF = 91,080 NI = 13,620 NI = 3,300 NI = 29,100 Your required return for assets of this risk is 12% With 12% required rate of return, this project has positive NPV Do we accept or reject the project if we require payback period to be less than 3 years? Or les than 2 years