Current Attempt in Progress

A company is considering purchasing factory equipment that costs $$349160$ and is estimated to have no salvage value at the end of its

$4\mathrm{.}9-$year useful life. If the equipment is purchased, annual revenues are expected to be $$150200$ and annual operating expenses

exclusive of depreciation expense are expected to be $$25500.$ The straight$-$line method of depreciation would be used. The cash

payback period on the equipment is

$4\mathrm{.}9$ years.

$6\mathrm{.}69$ years.

$2\mathrm{.}8$ years.

$2\mathrm{.}32$ years.