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Should Tangshan Mining company accept a new project if its maximum payback is 3.5 years and its initial after-tax cost is R15 000 000 and

Should Tangshan Mining company accept a new project if its maximum payback is 3.5 years and its initial after-tax cost is R15 000 000 and it is expected to provide after-tax operating cash inflows of R5 400 000 in year 1, R5 700 000 in year 2, R2 100 000 in year 3 and R5 400 000 in year 4? A. Yes. B. No. C. It depends. D. None of the above.

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