A. plece of labor-saving equipmont has just come onto the market that Mitsul Electronics, Limited, could use to rectuce costs in one of in plants in Japan. Relevant data retating to the equipment follow. Required: 10. Compute the payback period for the equipment: ib if the company tequires a paybock period of four years of less, would the equipment be purchased? Complete this question by entering your answers in the tabs below. Compute the paytack period for the etuipmont. Notei Round your onswer to 1 decimal place