Current Attempt in Progress Mega Company is considering the purchase of a new machine. The invoice...

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Current Attempt in Progress Mega Company is considering the purchase of a new machine. The invoice price of the machine is $72,900, freight charges are estimated to be $2,970, and installation costs are expected to be $7,560. The annual cost savings are expected to be $27,000 for 10 years. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 15.25.) Cash payback period years eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Current Attempt in Progress Mega Company is considering the purchase of a new machine. The invoice price of the machine is $72,900, freight charges are estimated to be $2,970, and installation costs are expected to be $7,560. The annual cost savings are expected to be $27,000 for 10 years. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 15.25.) Cash payback period years eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer