Problem 16 Intro You are evaluating an investment project costing $40,000 initially. The project will provide $3,000 in after-tax cash flows in the first year, and $7,000 each year thereafter for 10 years. The maximum payback period for your company is 6 years. Jo Attempt 1/5 for 10 pts. Part What is the payback period for this project? 1+ decimals Submit Attempt 1/5 for 10 pts. Part 2 Should your company accept this project? Yes Submit