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Problem 12 Intro You are evaluating an investment project costing $11,600 initially. The project will provide $3,000 in after-tax cash flows in the first year

image text in transcribed Problem 12 Intro You are evaluating an investment project costing $11,600 initially. The project will provide $3,000 in after-tax cash flows in the first year and $5,000 each year thereafter for 4 years. The maximum payback period for your company is 3 years. Your company's cost of capital is 14%. Part 1 Attempt 1/10 for 10 pts. What is the discounted payback period for this project? Part 2 Attempt 1/5 for 10 pts. Should your company accept this project based on the discounted payback period criterion? No Yes

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