a. Determine the payback period for this project. b. Should the company accept the project

Payback period The Ball Shoe Company is considering an investment project that requires an initial investment of $528,000 and returns cash inflows of $81 ,348 per year for 10 years. The firm has a maximum acceptable payback period of 8 years. a. Determine the payback period for this project. b. Should the company accept the project?