1 lab

Current Attempt in Progress Windsor Company is considering the purchase of a new machine. The invoice price of the machine is $85,100, freight charges are estimated to be $3,910, and installation costs are expected to be $5,520. The annual cost savings are expected to be $23,000 for 10 years. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 15.25.) Cash payback period years