Problem 14 Intro You are evaluating an invetment project costing $43,000 initially. The project will provide $3,000 in after-tax cash flows in the first year, $4,000 in the second year and $9,000 each year thereafter for 10 years. The maximum payback period for your company is 7 years. IB Attempt 1/10 for 10 pts. Part 1 What is the payback period for this project? 0+ decimals Submit - Attempt 2/10 for 9 pts. Part 2 The firm is considering expanding by building a new superstore. The risks associated with the superstore are comparable to the risks of the firm's current operations. The superstore will require an initial investment of $12.3 million and is expected to produce cash inflows of $1.3 million annually over its 10-year life. The initial investment will be depreciated on a straight line basis over the life of the project. At the end of the 10 years, the firm expects to sell the superstore for $6.7 million. What is the NPV of superstore project? Should the firm accept or reject the project? 3+ decimals Submit