Question: 17 First Choice Carpets is considering purchasing new weaving equipment costing $730,000. The company's management has estimated that the equipment will generate cash inflows as

17 First Choice Carpets is considering purchasing new weaving equipment costing $730,000. The company's management has estimated that the equipment will generate cash inflows as follows: Year 1 $210,000 2 210,000 3 264,000 4 264,000 5 154,000 Considering the residual value is zero, calculate the payback period. (Round your answer to two decimal places.) A. 3.74 years B. 3.52 years OC. 3.17 years OD. 4.51 years

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