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JB Supplies is considering a project with the following cash flows below. If the initial cost of the project is $10,350, and JB Supplies has

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JB Supplies is considering a project with the following cash flows below. If the initial cost of the project is $10,350, and JB Supplies has a 3-year payback rule in place, should the project be accepted or rejected and why? Year 2 Cash Flow $1,300 $4,900 $4,400 $4,100 3 4 O No: payback period is 2.94 years O No: payback period is 3.94 years Yes, payback period is 2.94 years O Yes: payback period is 3.94 years Yes, payback period is 3.09 years

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