Pharoah Company is considering purchasing new equipment for $360,000. It is expected that the equipment will produce net annual cash ows of $50,000 over its 10-year useful life. Annual depreciation will be $36,000. Compute the cash payback period. (Round answer to 1 decimal place, as. 10.5.) Cash payback period years Pharoah Company accumulates the following data concerning a proposed capital investment: cash cost $170,800, net annual cash ows $35,000, and present value factor of cash inows for 10 years is 5.22 (rounded). (if the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45).) Determine the net present value, and indicate whether the investment should be made. Net present value $ The investment v be made. Oriole's Custom Construction Company is considering three new projects, each requiring an equipment investment of $23,100. Each project will last for 3 years and produce the following net annual cash ows. Year AA BB CC 1 $7,350 $10,500 $13,650 2