Newport 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 $286.000. The equipment will have an initial cost of $1,573,000 and have a 10 year life. There is no salvage value for the equipment. What is the payback period? Multiple Choice 10.00 years 182 years 5.50 years 3.55 years