Payback period The Ball Shoe Company is considering an investment project that requires an initial investment of $578,000 and returns after-tax cash inflows of $89,096 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.)