Question: please answer the question within 30 minutes. make sure the calculations are explained in very detailed manner also formatting is proper, Attempt the answer only

please answer the question within 30 minutes. make sure the calculations are explained in very detailed manner also formatting is proper, Attempt the answer only if your are 100% sure that its correct. else leave it for other tutore otherwise i will give negative ratings and will also report your answer for unprofessionalism. Make sure the answer shows detailed calculations and is 100% correct.

ATTEMPT THE QUESTION ONLY IF YOU ARE 100% CORRECT AND SURE. ELSE LEAVE IT FOR ANOTHER TUTOR. BUT PLEASE DONT PUT WRONG ANSWER ELSE I WILL REPORT.

A new piece of equipment will cost $14,090 and will result in a reduced operation cost of $2.000 per year. What will be the payback time in years? (Round your answer to one decimal point.) Payback time in years

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