Question: Problem 9 Intro A new bottling machine will cost $22,000 initially. The machine will produce after-tax cash flows of $4,000 in the first year

Problem 9 Intro A new bottling machine will cost $22,000 initially. The

Problem 9 Intro A new bottling machine will cost $22,000 initially. The machine will produce after-tax cash flows of $4,000 in the first year and $9,000 each year thereafter for 4 years. Your company's cost of capital is 4%. Part 1 What is the payback period for this project? 0+ decimals Submit Part 2 What is the discounted payback period for this project? 1+ decimals Submit Attempt 1/5 for 10 pts. Attempt 1/5 for 10 pts.

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