2024 – Payback Kathleen Dancewear Co has bought some new machinery at a cost of 1 250 000 The

Payback: Kathleen Dancewear Co. – 2024

Payback: Kathleen Dancewear Co. has bought some new machinery at a cost of $1,250,000. The impact of the new machinery will be felt in the additional annual cash flows of $375,000 over the next five years. What is the payback period for this project? If their acceptance period is three years, will this project be accepted?

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