Pronghorn Doggy, Inc, produces and sells corn dogs. The corn dogs are dipped by hand. Austin Beagle, production manager, is considering purchasing a machine that will make the corn dogs. Austin has shopped for machines and found that the machine he wants will cost $272,600. In addition, Austin estimates that the new machine will increase the company's annual net cash flows by $44,000 The machine will have a 12 -year useful life and no salvage value. (a) Calculate the cash paryback period. (Round answer to 2 decimat places, es. 15.21.) Cash payback period years