Help Saved 11 Problems of the Week Serial Problem Business Solutions LO P1, P2 Santana Rey is considering the purchase of equipment for Business Solutions that would allow the company to add a new product to its computer furniture line. The equiprgent is expected to cost $342.000 and to have a six year life and no salvage value. It will be depreciated on a straight-line basis. Business Solutions expects to sell 100 units of the equipment's product each year. The expected annual income related to this equipment follows. ped $270.000 Book Pt trends Sales Coute Materials, Labor, and overhead (except depreciation) Depreciation on equipment Selling and administrative expenses Total costs and expenses Pretax ince I taxes (35) Not in 136,000 57.000 36.000 209,000 89,000 31,150 557,50 Required: (1) Compute the payback period. Payback Period Choose Denominator Choose Numerator Payback Period Payback period Mc Crew Prev 1 of 2 !!! Next > 49% O C - G Type here to search