Question 9 of 12 Question 4 ALGUD 47 View Policies Current Attempt in Progress The Novak Company is planning to purchase 5521.900 of equipment with an estimated seven-year life and no estimated salvage value The company has projected the following annual cash flows for the investment Questions Drop 44 Question 6 Account Depo Year Projected Cash Flows $193,500 1 47 Question ? treden 2 141,500 Questions 3 94.500 4/4 camel 79,200 Viewing Question 9 -/4 5 79.200 6 45,000 Question 10 2/4 7 45.000 Total 5677,900 Question 11 10/10 (al Calculate the payback period for the proposed equipment purchase. Assume that all cash flow ecur evenly throughout the you Question 12 70 Question 9 of 12 -/4 III Question 4 Accounting Brown 5 79.200 6 Question 5 Accounting Dragon 45.000 7 45.000 Question 6 Accounting Total $677,900 Question 7 Account (a) Calculate the payback period for the proposed equipment purchase. Assume that all cash flows occur evenly throughout the year Questions Aessurenebrupdown Payback period years and months. Viewing Question 9 Accuptow (b) If Novak requires a payback period of 4 years or less, should the company make this investment? The company make this investment Question 10 Account Question 11 Anoon eTextbook and Media Svetor Later Attempts: 0 of 3 used Sunt A Question 12