Regent Corp. management is evaluating three competing types of equipment. Costs and cash flow projections for all three are given in the following table. what is the payback period of equipments? (Round answers to 2 decimal places, e.g. 15.25. If payback period exceeds life of the project, enter 0.00 for the answer.) The Payback of type 1 is ______ years, Type 2 is ______ years, Typed 3 is _____ years. Which would be the best choice based on payback period? Regent should choose