WP Current Attempt in Progress The Pronghorn Company is planning to purchase $436,400 of equipment with an estimated seven-year life and no estimated salvage value. The company has projected the following annual cash flows for the investment. Up next Year Projected Cash Flows $177,000 A parcel has con design a square 147.000 104.000 50,400 OWN 50,400 42.000 42,000 Question Total $612,800 Q: A parce 7500 minimu (a) Calculate the payback period for the proposed equipment purchase. Assume that all cash flows occur evenly throughout the year. A See ans Q: HELPE years and months Payback period A See and (b) of Pronghorn requires a payback period of three years or less should the company make this investment? The company make this investment eTextbook and Media