Payback period The Ball Shoe Company is considering an invesiment project that requires an initial ifvestment of $554,000 and returns atter-tax cash inflows of 985,631 per year for 10 years. The firm has a maximum acceptable payback period of 8 years a. Determine the payback penod for this project. b. Should the company accopt the project? Long term investment decision, payback method Personal Finance Problem Bil Williams has the opportunity to invest in project A that costs $6,600 today and promises to pay $2,200,$2,400,$2,400,$2,000 and $1,700 over the next 5 years. Or, BIl can inwest $6,600 in project B that promises to pay $1,300,$1,300,51,300,$3,700 and $4,000 over the next 5 years. (Hint. For maxed stream cash inflows, calculale curnulative cash inflows on a year-to-year bysis until the inital investreent is recovered) a. How long will it take for Bill to recoup his initial investment in project A? b. How long will it take for Ball to recoup his initial investment in project B? c. Using the payback period, which project should Bal choose? d. Do you see afy problems with his choice