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BSU Inc. wants to purchase a new machine for $35,600, excluding $1,400 of installation costs. The old machine was bought five years ago and had

BSU Inc. wants to purchase a new machine for $35,600, excluding $1,400 of installation costs. The old machine was bought five years ago and had an expected economic life of 10 years without salvage value. This old machine now has a book value of $2,200, and BSU Inc. expects to sell it for that amount. The new machine would decrease operating costs by $8,000 each year of its economic life. The straight-line depreciation method would be used for the new machine, for a six-year period with no salvage value. Determine the cash payback period. (Round cash payback period to 1 decimal place, e.g. 10.5.) Cash payback period years

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