A project with an initial cost of $27,250 is expected to generate cash flows of $6,600,$8,700,$9100, $8,000, and $7,400 over each of the next five years, respectively, What is the project's payback period? Multiple Choice 3.36 years 3.57 years 373 years 3.47 years 360 year A new project has an initial cost of $136,000. The equipment will be depreciated on a straight-line basis to a book value of $41.000 at the end of the four- year life of the project. The projected net income each year is $14,100, 517,500, $22,200, and $14,000, respectively. What is the average accounting return? Multiple Choice 19.15% 24.93% 0.97% 20.52% 2272