Please answer question 2.

Clearwater Company is considering purchasing new equipment for $231,120. It is expected that the equipment will produce net annual cash flows of $42,800 over its 5 -year useful life. Annual depreciation will be $46,224. Compute the cash payback period. - Round answer to 1 decimal place such as 1.2. Cash Payback Period: Years Question 2 7.5 pts Keys Company is considering purchasing new equipment for $677,740. It is expected that the equipment will produce net annual cash flows of $72,100 over its 10 -year useful life. Annual depreciation will be $65,274. Compute the cash payback period. - Round answer to 1 decimal place such as 1.2. Cash Payback Period: Years Clearwater Company is considering purchasing new equipment for $231,120. It is expected that the equipment will produce net annual cash flows of $42,800 over its 5 -year useful life. Annual depreciation will be $46,224. Compute the cash payback period. - Round answer to 1 decimal place such as 1.2. Cash Payback Period: Years Question 2 7.5 pts Keys Company is considering purchasing new equipment for $677,740. It is expected that the equipment will produce net annual cash flows of $72,100 over its 10 -year useful life. Annual depreciation will be $65,274. Compute the cash payback period. - Round answer to 1 decimal place such as 1.2. Cash Payback Period: Years