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Carmen Electronics bought new machinery for $$5$ million. This is expected to result in additional cash flows of $$1\mathrm{.}2$ million over the next seven years. What is the payback period for this project? If its acceptance period is five years, will this project be accepted?

$($Round your answer to two decimal places.$)$

$3\mathrm{.}83$ years; yes

$4\mathrm{.}17$ years; no

$4\mathrm{.}17$ years; yes

$3\mathrm{.}83$ years; no

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