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Intro You are evaluating an investment project costing $55,000 initially. The project will provide $3,000 in after-tax cash flows in the first year, $4,000

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Intro You are evaluating an investment project costing $55,000 initially. The project will provide $3,000 in after-tax cash flows in the first year, $4,000 in the second year and $8,000 each year thereafter for 10 years. The maximum payback period for your company is 9 years. Part 1 What is the payback period for this project? 0+ decimals Submit Part 2 Should your company accept this project? No Yes Submit Attempt 1/3 for 5 pts. Attempt 1/3 for 5 pts.

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