(c1) Carper was presented with a second capital investment that provided similar production facilities as the first one. This investment cost $405,000, had a useful life of 7 years with a salvage value of $15,000, Depreciation is by the straight-line method. During the life of the investment annual net income and net annual cash flows are expected to be $26.460 and $81.000 respectively Carper's 7% cost of capital is also the required rate of return on the investment. Compute the cash payback period. (Round answer to 0 decimal places.es. 25) Cash payback period Save for Lich (c2) years Attempts: 0 of 2 used Submit Answer