Question: A project costs $7,000 initially, and will generate a constant cash flow of $1,000 every year for 10 years. The maximum payback period for your

A project costs $7,000 initially, and will generate a constant cash

A project costs $7,000 initially, and will generate a constant cash flow of $1,000 every year for 10 years. The maximum payback period for your company is 5 years. Part 1 A Attempt 1/10 for 7 pts. What is the payback period for this project? Part 2 Attempt 1/5 for 7 pts. Should your company accept this project? No Yes

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