Dump Trucks R Us, Inc. is considering purchasing a new line of road work equipment including backhoes, bulldozers, etc. These machines would then be leased out to other companies. The machines would cost $9,480,000. The expected revenues to be generated from the new equipment (leasing the equipment) are listed below. In addition, at the beginning of every two years, Dump Trucks will have to spend $160,000 to provide an overall service to these machines. These costs are shown below as well. What is the payback period? If Dump Trucks has a 4-year payback period, should the equipment be purchased? Additional Costs at beginning of Year Revenues specific years 1 $2,800,000 2 $2,900,000 $160,000 W $2,625,000 A $2,300,000 $160,000 $1,800,000 1,190,000 $160,000