Santana Rey is considering the purchase of equipment for Business Solutions that would allow the company to add a new product to its computer fumiture line. The equipment is expected to cost $230,000 and to have a five-year life and no salvage value. It will be deprecated on a straight line basis. Business Solutions expects to sell 100 units of the equipment's product each year. The expected annual income related to this equipment follows $375,00 Sales Costs Materials, labor, and overhead (except depreciation) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (3 ) Net Income 192.800 46,00 38.500 276,500 98.500 29.550 $ 68.950 Required: (1) Compute the payback period Payback Period Choose Denominator: Choose Numerator: Payback Period Payback period