Please findd cashback period by factor table

Current Attempt in Progress Indigo Inc. wants to replace its current equipment with new high-tech equipment. The existing equipment was purchased 5 years ago at a cost of $121,000. At that time, the equipment had an expected life of 10 years, with no expected salvage value. The equipment is being depreciated on a straight-line basis. Currently, the market value of the old equipment is $40,200. The new equipment can be bought for $176,580, including installation. Over its 10-year life, it will reduce operating expenses from $192,900 to $145,300 for the first six years, and from $209,200 to $190,300 for the last four years. Net working capital requirements will also increase by $20,700 at the time of replacement. It is estimated that the company can sell the new equipment for $24,800 at the end of its life. Since the new equipment's cash flows are relatively certain, the project's cost of capital is set at 10%, compared with 15% for an average-risk project. The firm's maximum acceptable payback period is 5 years. Click here to view the factor table. Your answer is correct. Calculate the initial investment amount. Question 4 of 7 Your answer is correct. Calculate the initial investment amount. Initial investment eTextbook and Media 157080 Calculate the project's cash payback period. (Round answer to 2 decimal places, e.g. 15.25.) Cash payback period (b) years Calculate the project's cash payback period. (Round answer to 2 decimal places, e.g. 15.25.) Cash payback period eTextbook and Media Save for Later yea r S 5/ 20 Attempts: 1 of 4 used Submit Answer