You are analyzing a proposed project and have compiled the following information: WACC (Required Return): 8.00% Year 0 1 2 Cash flows -$180,000 $70,000 $80,000 3 $90,000 Required payback period: 2 years Required discounted payback period: 2.5 years What is the project's discounted payback period? Would the company accept or reject the project based on the discounted payback period criterion? 2.35 years; reject 2.35 years; accept 2.65 years; reject O 2.65 years; accept