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A company projects an increase in net income of $43000 each year for the next 5 years if it invests $480000 in new equipment. The equipment has a 5-year life and an estimated salvage value of $48000. The company uses the straight-line method of depreciation. What is the cash payback period? 4.79 years 1.29 years 2.50 years 3.71 years Oriole Co. is considering purchasing a new machine that will cost $210700, but which will decrease costs each year by $49000. The useful life of the machine is 10 years. The machine would be depreciated straight-line with no residual value over its useful life at the rate of $21070/ year. The payback period is 4.8 years. 10.0 years. 5.3 years. 4.3 years