Elmer Sporting Goods is getting ready to produce a new line of golf clubs by investing $1.5 million. The investment will result in additional cash flows of $525,000,$630,000, and 1,000,000 over the next three years. What is the payback period for the project? Round to 2 decimals. 2.71 years. none of these 2.35 years 3.45 years 2.54 years