Question: View Policies Current Attempt in Progress Blue Company is considering purchasing new equipment for $331.200. It is expected that the equipment will produce net annual

View Policies Current Attempt in Progress Blue Company is considering purchasing new equipment for $331.200. It is expected that the equipment will produce net annual cash flows of $46,000 over its 10-year useful life. Annual depreciation will be $33,120, Compute the cash payback period. (Round answer to 1 decimal place, eg. 10.5.) Cash payback period years

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