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 4 years, will this project be accepted? round to nearest

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 4 years, will this project be accepted? round to nearest. None of these 3 years; no it will not be accepted 4 years; yes it will be accepted 3 years; yes it will be accepted 2 years; no it will not be accepted