25. Procter & Gamble Co. is evaluating a project with initial investment (at year of $260.00 Procter & Gamble Co. accept or reject the project if they follow the payback rule? firm's cost of capital is 11.00% and their preferred payback period is 5 years or less. Wil that is expected to produce annual profits of $40,000.for 10 years, starting in year 1. The (a) Reject (b) The payback rule cannot be applied in this case. (c) Not enough information. (0) Accept