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You are evaluating an investment project costing $11,900 initially. The project will provide $3,000 in after-tax cash flows in the first year and $5,000 each

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You are evaluating an investment project costing $11,900 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 11%. Part 1 IB - Attempt 3/10 for 7 pts. What is the discounted payback period for this project? 2+ decimals Submit Part 2 | Attempt 1/5 for 10 pts. Should your company accept this project based on the discounted payback period criterion? Yes

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