Payback: Emery Sporting Goods is getting ready to produce a new line of gold clubs by investing $1.85 million. The investment will result in additional cash flows of $525,000, $812,500, and 1,200,000 over the next three years. What is the payback period for this project? Which is the correct answer? 3 years 1.57 years More than 3 years 2.43 years