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Intro You are evaluating an investment project costing $11,700 initially. The project will provide $3,000 in after-tax cash flows in the first year and $5,000

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Intro You are evaluating an investment project costing $11,700 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 13%. Part 1 IB Attempt 1/6 for 10 pts. What is the discounted payback period for this project? 2+ decimals Submit Part 2 Attempt 1/2 for 10 pts. Should your company accept this project based on the discounted payback period criterion? O No Yes Submit

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