Alma Co. is evaluating a project with initial investment (at year 0) of $300,000 that is expected to produce annual profits of $37,000 for 9 years, starting in year 1. The firm's cost of capital is 5.00% and their preferred payback period is 5 years or less. Will Alma Co. accept or reject the project if they follow the payback rule? Reject O Not enough information. Accept The payback rule cannot be applied in this case