You are analyzing a proposed project and have compiled the following information: Year Cash flow 0 -$145,000 1 $ 33,400 2. $ 70,500 3 $ 82,100 Required payback period 3 years Required return 9.50 percent Should the proposed project be accepted based on the payback period? Why or why not? yes: The payback period is greater than the required payback period. yes: The payback period is less than the required payback period no; The payback period is greater than the required payback period. no: The payback period is less than the required payback period. Not enough information to