in one year. Your cost of capital is 11.1% and your company's You are evaluating a project that will cost $469,000, but is expected to produce cash flows of $129,000 per year for 10 years, with the first cash flo preferred payback period is three years or less. a. What is the payback period of this project? b. Should you take the project if you want to increase the value of the company? a. What is the payback period of this project? The payback period is years. (Round to two decimal places.)