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Crane Company is considering purchasing new equipment for $$331,200.$ It i s expected that the equipment will produce net annual cash flows of $$46,000$ over its $10-$year useful life. Annual depreciation will be $$33,120.$ Compute the cash payback period. $($Round answer to $1$ decimal place, eg$.10\mathrm{.}5.)$

Cash payback period $$ years

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