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Question 14 6 pts Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing 51.85 milion. The investment will result in additional cash flows of $525,000, $852,500, and $1,200,000 over the next three years. What is the payback period for this project? (Round your answer to two decimal places.) 1.57 years 2.39 years 2.43 years More than 3 years 3.55 years