Ayayai Company is consideringinvesting in new equipment that will cost $1,432,000 with a 10 -year useful life. The new equipment is expected to produce annual net income of $27,300 over its useful life. Depreciation expense, using the straight-line rate, Is $143,200. per year. Compute the cash payback period, (Round answer to 1 decimal place, e.g. 15.2.) Cash payback period years