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A proposed new venture will cost $175,000 and should produceannual cash flows of $48,500, $85,000, $40,000, and $40,000 forYears 1 to 4, respectively. The required payback period is 3 yearsand the discounted payback period is 3.5 years. The required rateof return is 9 percent. Which methods indicate project acceptanceand which indicate project rejection?a) The payback period is _______ and the project should be(accepted/rejected) __________b) The discounted payback period is _________ and the projectshould be (accepted/rejected) _____c) The NPV is ___________ and the project should be(accepted/rejected) _____________d) The IRR is ___________ and the project should be(accepted/rejected) _____________e) The profitability index is ___________ and the project shouldbe (accepted/rejected) _____________