Keating Co. is considering disposing of equipment that cost $76,000 and has $53,200 of accumulated depreciation to date. Keating Co. can sell the equipment through a broker for $31,000 less a 6% commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of 48,000. Keating will incur repair, insurance, and property tax expenses estimated at $9,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential profit or loss from the sell alternative is a O a. 511,832 profit Ob. 59,860 loss Oc. $14,790 profit Od. $6.902 loss A project has estimated annual net cash flows of $54,200. It is estimated to cost $189,700. Determine the cash payback period. Round your answer to one decimal place. years