-44 Able Plastics, an injection-molding firm, has negotiated a contract with a national chain of department stores. Plastic pencil boxes are to be pro- duced for a 2-year period. If the firm invests $62,000 for special removal equipment to unload the com- pleted pencil boxes from the molding machine, one machine operator can be eliminated saving $32,000 per year. The removal equipment has no salvage value and is not expected to be used after the 2-year production contract is completed. The equipment would be serviceable for about 15 years. What is the payback period? Should Able Plastics buy the removal equipment