An anticipated purchase of equipment for exist400,000, with a useful life of 8 years and no residual value, is expected to yield the following annual net incomes and not cash flows. What is the payback period? a 435 years b. 5 years c. 3 years d.4 22 years e.4 years The following information is from a chair maker: What is the cost of goods manufactured? a exist151 b. exist150 c. exist149 d. exist152