rlef Exercise 24-1 ihanna Company is considering purchasing new equipment for $445,200. It is expected that the equipment will produce net annual cash flows f $53,000 over Its 10-year useful life. Annual depreciation will be $44,520. Compute the cash payback . (Round answer to 1 decimal lace, e.g. 10.5.) period ash payback period years Click If you would like to Show Work for this question: Open Show Work