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Question 20 5 pts You are considering buying a new truck for your small business. The cash outlay (i.e., cost) of the truck is $46600.

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Question 20 5 pts You are considering buying a new truck for your small business. The cash outlay (i.e., cost) of the truck is $46600. Your firm's cost of capital is 7.6%. If you buy the truck, after-tax cash flows, including depreciation, would be as follows: Year 1 23 4 5 Cash flows $9300 - $17000 $17000 $17000 Calculate the project's payback period. (Provide your answer as a number with two decimal places.)

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