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Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $2 million. The investment will result in additional cash flows of $525,000,$612,500, and 1,000,000 over the next three years. Which of the following statements is true? The project should be accepted if the required payback period is 2.5 years. the project should be accepted if the required payback is 2.4 years The project should be rejected if the required payback period is 3.5 years. The project should be accepted if the required payback period is 3 years. Beckham Corporation has semiannual bonds outstanding with nine years to maturity that are currently priced at $794.08. If the bonds have a coupon rate of 6 percent, then what is the after-tax cost of debt for Beckham if its marginal tax rate is 27 percent? Complete the calculation using the effective annual yield (EAY) for the bond. 6.89% 7.06% 6.14% none of these 6.29% Jeremy Kohn is planning to invest in a 7 -year bond that pays a 12 percent coupon. The current market rate for similar bonds is 8 percent. Assume semiannual coupon payments. What is the maximum price that should be paid for this bond? (Do not round intermediate computations. Round your final answer to the nearest dollar.) $1,211$1,000$951$1188