Current Attempt in Progress Crane Company is considering purchasing new equipment for $331,200. It is expected that the equipment will produce net annual cash flows of $46,000 over its 10-year useful life. Annual depreciation will be $33,120. Compute the cash payback period. (Round answer to 1 decimal place, s. 10.5.) years Cash payback period e Textbook and Media Attempts: 0 of 3 used Submit A Sve for later Using multiple attempts will impact your score. 50% score reduction after attempt 2