Payback period. The Ball 5 hoe Company is considering an investment projoct that mequires an inithal irvestront of 5542,000 and refurns cash inftows of 575,000 per yoar for 10 yean The fim has a maximum acceptable payback period of 8 years. a. Determine the payback pariod for this project. b. Should the company accept the project? a. The payback period for this peoject is years. (Round to two decimal places.) b. Should the company accept the project? (Select the best answer below.) A. The compary should reject the project since the payback period is less than the maximum