You are evaluating an investment project costing $11,700 initially. The project will provide $3,000 in after-tax cash flows in the first year and $5,000 each year thereafter for 4 years. The maximum payback period for your company is 3 years. Your company's cost of capital is 15%. Part 1 Attempt 1/3 for 10 pts. What is the payback period for this project? Part 2 Attempt 1/3 for 10 pts. Should your company accept this project based on the payback period criterion? Yes No What is the discounted payback period for this project? Part 4 Attempt 1/3 for 10 pts. Should your company accept this project based on the discounted payback period criterion? No Yes