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You are evaluating an investment project costing $25,000 initially. The project will provide $3,000 in after-tax cash flows in the first year, $4,000 in the

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You are evaluating an investment project costing $25,000 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 5 years. Attempt 1/8 for 10 pts. Part 1 What is the payback period for this project? 0+ decimals Submit Attempt 1/8 for 10 pts. Part 2 Should your company accept this project? O No Yes Submit

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