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The Ball Shoe Company is considering an investment project that requires an initial investment of $ 520,000 and returns after-tax cash inflows of $91,725 per

The Ball Shoe Company is considering an investment project that requires an initial investment of $ 520,000 and returns after-tax cash inflows of $91,725 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?

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