A company is considering the purchase of a new piece of equipment for $132,000. Predicted annual cash inflows from this investment are $52,800 (year 1); $44,000 (year 2); $26,400 (year 3); $20,400 (year 4); and $10,200 (year 5). The payback period is:

rev: 12_24_2013_QC_42995

	3.04 years.
	2.43 years.
	3.00 years.
	4.43 years.
	3.43 years