1) A project has estimated annual net cash flows of $63,000 and is estimated to cost $352,800. What is the payback period? (round to 2 decimal places)

2. Blue Marlin Company is considering the purchase of new equipment for its factory. It will cost $244,000 and have a $48,800 salvage value in five years. The annual net income from the equipment is expected to be $29,280, and depreciation is $39,040 per year.

Calculate Blue Marlin