You are evaluating a project that will cost 5484 000, but is expected to produce cash flows of 6121,000 per year for 10 years, with the first cash flow in one year Your cost of capital is 11.1% and...

Extracted text: You are evaluating a project that will cost 5484 000, but is expected to produce cash flows of 6121,000 per year for 10 years, with the first cash flow in one year Your cost of capital is 11.1% and your company's preferred payback period is three years or less.