Payback period The Ball Shoe Company is considering an investment project that requires an initial investment of $566,000 and returns after-tax cach inflows of $94,895 per year for 10 years. The firm has a maximum acceptable paytack period of 8 years a. Defermine the payback period for this propect. b. Should the company aocept the profoct? a. The payback period for this project is years. (Round to two decimal places)