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Problem 18 Intro A project costs $36,000 initially, and will generate a constant cash flow of $4,000 every year for 14 years. The maximum

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Problem 18 Intro A project costs $36,000 initially, and will generate a constant cash flow of $4,000 every year for 14 years. The maximum payback period for your company is 7 years. Part 1 What is the payback period for this project? 0+ decimals Submit Part 2 Should your company accept this project? Yes No Attempt 1/6 for 10 pts. Attempt 2/2 for 10 pts. Correct Since the payback period of 9 years is more than the maximum payback period of 7 years, the company should not accept the project.

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