Corn Doggy, Inc. produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, is considerin purchasing a machine that will make the corn dogs. Austin has shopped for machines and found that the machine he wants will cost $239,600. In addition, Austin estimates that the new machine will increase the company's annual net cash flows by $36,900. The machine will have a 12-year useful life and no salvage value. TABLE 4 Present Value of an Annuity of 1 (n) Payments 4% 5% 6% I .96154 .95238 2 1.88609 1.85941 3 2.77509 2.72325 4 3.62990 3.54595 5 4.45182 4.32948 6 8 5.24214 5.07569 6.00205 5.78637 6.73274 6.46321 94340 1.83339 2.67301 3.46511 4.21236 4.91732 5.58238 9 7.43533 10 8.11090 11 8.76048 12 9.38507 13 9.98565 14 15 16 17 18 5678 6.20979 6.80169 7.36009 7.88687 8.86325 8.38384 9.39357 8.85268 10.56312 9.89864 9.29498 11.11839 10.37966 9.71225 7.10782 7.72173 8.30641 11.65230 10.83777 10.10590 12.16567 11.27407 10.47726 12.65930 11.68959 10.82760 8% 9% 10% 11% 12% 15% .90909 1.73554 1.71252 .90090 .89286 .86957 7% 0.93458 .92593 .91743 1.80802 1.78326 1.75911 1.69005 1.62571 2.62432 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 3.38721 3.31213 3.23972 3.16986 3.10245 3.03735 2.85498 4.10020 3.99271 3.88965 3.79079 3.69590 3.60478 3.35216 4.76654 4.62288 4.48592 4.35526 4.23054 4.11141 3.78448 5.38929 5.20637 5.03295 4.86842 4.71220 4.56376 4.16042 5.97130 5.74664 5.53482 5.33493 5.14612 4.96764 4.48732 6.51523 6.24689 5.99525 5.75902 5.53705 5.32825 4.77158 7.02358 6.71008 6.41766 6.14457 5.88923 5.65022 5.01877 7.49867 7.13896 6.80519 6.49506 6.20652 5.93770 5.23371 7.94269 7.53608 7.16073 6.81369 6.49236 6.19437 5.42062 8.35765 7.90378 7.48690 7.10336 6.74987 6.42355 5.58315 8.74547 8.24424 7.78615 7.36669 6.98187 6.62817 5.72448 9.10791 8.55948 8.06069 7.60608 7.19087 6.81086 5.84737 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 5.95424 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 6.04716 10.05909 9.37189 8.75563 8.20141 7.70162 7.24967 6.12797 (a) 16 679 17 18 19 20 11.65230 10.83777 10.10590 9.44665 8.85137 8.31256 7.82371 7.37916 6.97399 5.95424 12.16567 11.27407 10.47726 9.76322 9.12164 8.54363 8.02155 7.54879 7.11963 6.04716 12.65930 11.68959 10.82760 10.05909 9.37189 8.75563 8.20141 13.13394 12.08532 11.15812 7.70162 7.24967 6.12797 10.33560 9.60360 8.95012 8.36492 7.83929 7.36578 6.19823 13.59033 12.46221 11.46992 10.59401 9.81815 9.12855 8.51356 7.96333 7.46944 6.25933 Calculate the cash payback period. (Round answer to 2 decimal places, eg. 15.21.) Cash payback period years C A Q Ac Vie Qu Acce Que