McKnight Products is considering acquiring a manufacturing plant. The purchase price is $1,280,000. The owners believe the plant will generate net cash inflows of $320,000 annually. It will have to be replaced in seven years. To be profitable, the investment's payback period must occur before the investment's replacement date. Use the payback method to determine whether McKnight Products should purchase this plant. First enter the formula, then calculate the payback period. Payback period II years Determine whether Mcknight should purchase this plant. The payback occurs the plant must be replaced, so the payback method purchasing the plant. First enter the formula, then calculate the payback period. = Payback period II years Dete lant. Accounting rate of return The e replaced, so the payback method purchasing the plant. Expected annual net cash inflow Future value Initial investment Net present value Present value Residual value Total net cash inflows First enter the formula, then calculate the payback period. - Payback period years Determine whether McKnight should purchase this plant. The payback occurs the plant must be replaced, so the payback method purchasing the plant. after exactly when before First enter the formula, then calculate the payback period. = Payback period years Determine whether McKnight should purchase this plant. The payback occurs the plant must be replaced, so the payback method purchasing the plant. supports does not support