Chapter 04, Problem 050 Octavia Bakery is planning to purchase one of two ovens. The expected cash flows for each oven are shown below. MARR is 9%/ year. Model 127B Model 334A $55,000 $77,000 Initial Investment 10 Estimated Life End of Life Salvage Annual Income $8,000 $19,800 $9,800 $0 $27,500 $6,300 Annual Expense Click here to access the TVM Factor Table calculator. Part a Step 1 What is the discounted payback period for Model 127B? years Round entry to two decimal places. The tolerance is 0.02