SAMPLE: Wright Corp. is considering the purchase of a new piece of equipment, which initial cost of $1,000,000 and a 5-year life. There is no salvage value for the equipment. The increase cash flow each year of the equipment's life would be as follows: would have an in Year 1 Year 2 Year 3 Year 4 Year 5 $375,000 $350,000 $285,000 $230,000 $185,000 What is the payback period