Current Attempt in Progress Tamarisk Inc is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: Depreciation is $10.050 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of $4,800. (a) Determine the cash payback period. (Iznore income taxes.) (Round answer to 3 decimal places, es 15.275) years eTextbook and Media