The Ball Shoe Company is considering an investment project that requires an initial investment of $$521,000$ and returns cash inflows of $$73,349$ per year for $10$ years. The firm has a maximum acceptable payback period of $8$ years.

a$.$ Determine the payback period for this project.

b$.$ Should the company accept the project?

a$.$ The payback period for this project is $]$ years.