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Intro A new bottling machine will cost $22,000 initially. The machine will produce after- tax cash flows of $4,000 in the first year and $7,000

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Intro A new bottling machine will cost $22,000 initially. The machine will produce after- tax cash flows of $4,000 in the first year and $7,000 each year thereafter for 4 years. Your company's cost of capital is 4%. Part 1 IB Attempt 1/5 for 10 pts. What is the payback period for this project? 1+ decimals Submit Part 2 IB - Attempt 1/5 for 10 pts. What is the discounted payback period for this project? 1+ decimals Submit

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