View Policies.$>-/1$Current Attempt in ProgressA company is considering purchasing factory equipment that costs $$290720$ and is estimated to have no salvage value at the end of its$4\mathrm{.}9-$year useful life. If the equipment is purchased, annual revenues are expected to be $$150800$ and annual operating expenses exclusive of depreciation expense are expected to be $$24400.$ The straight$-$line method of depreciation would be used. The cash payback period on the equipment is $4\mathrm{.}9$ years. $4\mathrm{.}62$ years.O $1\mathrm{.}93$ years. $2\mathrm{.}3$ years.Attempts: $0$ of $1$ usedSubmit AnswerSave for LaterSUPPOENG US$5$:$06$ PM$2024-03-22$QSearch. of snowI hoursASUS Vivobook