Question: Homework: Chapter 10. Capital Budgeting Techniques Question 1, P10-1 (book/static) Part 1 of 2 HW Score: 0%, 0 of 19 points O Points: 0 of

Homework: Chapter 10. Capital Budgeting Techniques Question 1, P10-1 (book/static) Part

Homework: Chapter 10. Capital Budgeting Techniques Question 1, P10-1 (book/static) Part 1 of 2 HW Score: 0%, 0 of 19 points O Points: 0 of 1 Save Payback period The Ball Shoe Company is considering an investment project that requires an initial investment of $542,000 and returns after-tax cash inflows of $75,000 per year for 10 years. The firm has a maximum acceptable payback period of 8 years. a. Determine the payback period for this project. b. Should the company accept the project? a. The payback period for this project is years. (Round to two decimal places.)

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