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First Choice Carpets is considering purchasing new weaving equipment conting $704,000. The company's management has estimated that the equipmont will panorato cathindows as follows $200,000

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First Choice Carpets is considering purchasing new weaving equipment conting $704,000. The company's management has estimated that the equipmont will panorato cathindows as follows $200,000 206.000 252.000 252.000 5 158,000 Considering the residu valmiszer, calculate the payback period (Round your answer to wo decimal places) Year 2 3 A358 years 3.378 year C 3.15 years OD 145 year

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