Nelson Corp is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $107000 The equipment will have an initial cost of $214,000 and have a 3 year life If the salvage value of the equipment is estimated to be $82,000, what is the payback period? Ignore income taxes 0 277 years O 500 years O 200 years O 123 years O Type here to search FRLA 3 8