Intro You are evaluating an investment project costing $11,100 initially. The project will provide $3,000 in after-tax cash flows in the first year and $5,000 each year thereafter for 4 years. The maximum payback period for your company is 3 years. Your company's cost of capital is 15%. IB Attempt 1/3 for 10 pts. Part 1 What is the payback period for this project? 2+ decimals Submit Part 2 Attempt 1/3 for 10 pts. Should your company accept this project based on the payback period criterion? No Yes Correct Since the payback period of 2.62 years is less than the maximum payback period of 3