Question: MC Qu. 78 A project has an initial cost of $icos.. A project has an initial cost of $8,700 and produces cash inflows of $2,700, $4,900, and $1,700 over the next three years, respectively. What is the discounted payback period if the required rate of return is 7 percent? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.