C View Policies Current Attempt in Progress Crane Company is considering purchasing new equipment for $331,200. It is expected that the equipment will produce net annual cash flows of $46,000 over its 10-year useful life. Annual depreciation will be $33,120. Compute the cash payback period. (Round answer to. 1 decimal place, eg. 10.5.) Cash payback period years eTextbook and Media Save for Later Attempts: 0 of 5 used Submit