Intro A new bottling machine will cost $24,000 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 3%. IB Attempt 1/5 for 10 pts. Part 1 What is the payback period for this project? 1+ decimals Submit Attempt 1/5 for 10 pts. Part 2 IB What is the discounted payback period for this project? 1+ decimals Submit