You are evaluating an investment project costing $40,000 initially. The project will provide $3,000 in after-tax cash flows in the first year, and $7,000 each year thereafter for 10 years. The maximum payback period for your company is 6 years.

FIND PART 1:

Intro You are evaluating an investment project costing $40,000 initially. The project will provide $3,000 in after-tax cash flows in the first year, and $7,000 each year thereafter for 10 years. The maximum payback period for your company is 6 years. Attempt 1/6 for 10 pts. Part 1 What is the payback period for this project? 11+ decimals Submit