19

Question 19 Kathleen Dancewear Co. has bought some new machinery at a cost of $1,250,000. The impact of the new machinery wito felt in the additional annual cash flows of $375,000 over the next five years (tt's $375,000 per years. What is the payback period for this project? if its acceptance period is three years, will this project be accepted? (Round your answer to two decimal places.) 3.33 years; no 2.76 years: yes 2.67 years, no 3.33 years, yes