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B2B Co. is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is expected to cost $336,000 with a 12-year life and no salvage value. It will be depreciated on a straight-line basis. The company expects to sell 134,400 units of the equipment's product each year. The expected annual income related to this equipment follows. $ 210,000 Sales Costs Materials labor, and overhead (except depreciation on new equipment) Depreciation on new equipment Selling and administrative expenses 112,000 28,000 21,000 Total costs and expenses 161,000 Pretax income Income taxes (30%) 49,000 14,700 Net income $ 34,300 1. Compute the payback period. Choose Numerator: Payback Period Choose Denominator: = Payback Period Payback period