Payback period The tall Shoe Company is considering an investment project that requires an initial investment of $542,000 and returns aner-tax cash flows of $75,000 per year for 10 years. The fimmtas ama acceptable payback period of 8 years a: Domine the payback period for this project b. Should the company co the promot? 4. The payback period for this project has (ound to two decimal places)