Payback period. The Ball Shoe Compary is considering an investment project that requires an inital investment of $550,000 and returns after-tax cash infiows of $101,525 per year for 10 years. The fim has a mavimum 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 projoct is years. (Round to two decinal places.) Payback period The Ball Shoe Company is considering an investment project that requires an initial investment of $574,000 and returns after-tax cash inflows of $89,887 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.)