Kathleen Dancewear Co. has bought some new machinery at a cost of $3,250,000. The impact of the new machinery will be felt in the additional annual cash flows of $1,100,000 over the next six years. What is the payback period for this project? If its acceptance period is 2.5 years, will this project be accepted? round to nearest. None of these 3 years; no it will not be accepted 3 years; yes it will be accepted 2 years; no it will not be accepted 4 years; yes it will be accepted