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Oriole Company is considering purchasing new equipment for $ 3 1 6 , 8 0 0 . It is expected that the equipment will produce

Oriole Company is considering purchasing new equipment for $316,800. It is expected that the equipment will produce net annual cash flows of $44,000 over its 10-year useful life. Annual depreciation will be $31,680. Compute the cash payback period. (Round answer to 1 decimal place, e.g.10.5.)
Cash payback period years
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