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A company is considering the purchase of a new piece of equipment for $117,200. Predicted annual cosh inflows from this investment are $53,000 (year 1.

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A company is considering the purchase of a new piece of equipment for $117,200. Predicted annual cosh inflows from this investment are $53,000 (year 1. $21,500 (year 2). $26,500 (yeor 3). $20,500 (yeor 4) and $23,000 (year 5). The payback period is: O 4.21 years. O 3.00 years. O 403 years. 3.79 years O 2.79 years

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