4 01 5 0/1 E Depreciation is $10,050 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of $5,000. (a) Your answer is incorrect. Determine the cash payback period. (Ignore income taxes.) (Round answer to 3 decimal places, eg. 15.275.) Cash payback period years Taytheokond Media Blossom Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: Old Equipment New Equipment Cast $80,400 Cast $38,400 Accumulated depreciation $41,700 Estimated useful life 8 years Remaining life 8 years Salvage value in 8 years $5,000 Current salvage value $10,680 Annual cash operating costs $30,900 Salvage value in 8 years $0 Annual cash operating costs $36,000 Depreciation is $10,050 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of $5,000.