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Kathleen Dancewear Co. has bought some new machinery at a cost of $1,050,000. The macio...

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Kathleen Dancewear Co. has bought some new machinery at a cost of $1,050,000. The macio the new macie will be felt in the additional annual cash flows of $350,000 over the next tve years. What is the payback period for this acceptance period is 4 years, will this project be accepted? Round your answer to two decimal places 3 years, no it will not be accepted None of these 3.33 years, no it will not be accepted 3 years: yes it will be accepted 3.33 years: yes it will be accepted Question 7

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