Payback period The Ball Shoe Company is considering an investment project that requires an initial investment of $542,000 and returns after-tax cash inflows of $75,000 per year for 10 years The firm has a maximum acceptable payback period of 8 years a. Determine the payback period for this project b. Should the company accept the project? a. The payback period for this project is years(Round to two decimal places) NPV Calculate the nel present valuo (NPV) for a 20-year project with an initial investment of $20,000 and a cash inflow of $5,000 per year Assume that the firm has an opporlunity cost of 13% Comment on the acceptability of the project The project's not present value is 5 (Round to the nearest cent)