problem 11

Intro You are evaluating an investment project costing $52,000 initially. The project will provide $3,000 in after-tax cash flows in the first year, $4,000 in the second year and $9,000 each year thereafter for 10 years. The maximum payback period for your company is 8 years. IB Attempt 1/5 for 2 pts. Part 1 What is the payback period for this project? 0+ decimals Submit Attempt 1/5 for 2 pts. Part 2 Should your company accept this project? No Yes Submit s