Kathleen Dancewear Co. has bought some new machinery at a cost of $850,000. The impact of the new machinery will be felt in the additional annual cash flows of $300,000 over the next five years. What is the payback period for this project? If its acceptance period is 2 years, will this project be acceptdd? (Round your answer to two decimal places) 3 years yes it will be accepted 3.33 years no It will not be accepted O 2.83 years yes it will be accepted 2.83 years: no it will not be accepted D Question 7 1 pts Fin3290 Inc. does not expect to grow in the next several years. Its last annual dividend was $4.25. If the required rate of return on similar investments is 12 percent, how much should we pay for the stock today? (Round the answer to two decimal places.) $31.94 $35.42 $51.00 $39.66