Intro You are evaluating an investment project costing $11,200 initially. The project will provide $3,000 in...

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Intro You are evaluating an investment project costing $11,200 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 15%. Part 1 What is the discounted payback period for this project? 2+ decimals Submit Part 2 Should your company accept this project based on the discounted payback period criterion? Yes No Submit Submit assignment Attempt 1/5 for 5 pts. Attempt 1/5 for 1 pts. Intro You are evaluating an investment project costing $11,200 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 15%. Part 1 What is the discounted payback period for this project? 2+ decimals Submit Part 2 Should your company accept this project based on the discounted payback period criterion? Yes No Submit Submit assignment Attempt 1/5 for 5 pts. Attempt 1/5 for 1 pts.