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 its acceptance period is three years, will this project be accepted? (round your answer to two decimal places.)

The academic affairs council is the highest expert body processing academic affairs, as stipulated by the university statutes. specialist aaro häkkinen (educational policy) took part in the council’s meeting. the agenda of the meeting included bachelors’ feedback, the timing of pedagogical studies, the grant system for tuition fees, the standardisation of administrative practices for internships and the situation of foreign-language and multilingual master’s programmes.