Kathleen Dancewear Co. has bought some new machinery at a cost of $4,250,000. 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 3 years, will this project be accepted? (Round your answer to the nearest whole number.) 2 years. Yes, it will be accepted. 4 years. No, it will NOT be accepted. 4 years. Yes, it will be accepted. 2 years. No, it will NOT be accepted