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Chapter 13 - Payback Period Your company is considering the purchase of new robotic aut With the new equipment, the quality will improve, leading to a These added sales will increase over time. Financial data regarding the project is as follows. $ $ $ Robot Software Annual Savings - labour Labour Hours Saved Labour Rate Annual Savings - Inventory Monthly power increase Salvage Life Additional Sales Revenue Year 1 1,600,000 700,000 320,000 20,000 16 190,000 2,500 90,000 $ $ 12 Year 2 Year 3 Year 4 Year 5 and thereafter $ 50,000 65,000 75,000 100,000 $ Compute the Payback Period