Santana Rey is considering the purchase of equipment for Business Solutions that would allow the company to add a new product to its computer furniture line. The equipment is expected to cost $385.000 and to have a seven-year life and no salvage value. It will be depreciated 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 $ 379,000 Sales Costs Materials, labor, and overhad (except depreciation) Depreciation on new equipment Selling and administrative expenses Total costs and expenses Pretax income Income taxes (353) Net income 197.000 55,00 35,000 23.000 91.000 33.5 59,150 Required: (1) Compute the payback period Payback Period Choose Numerator Choose Denominator Content Anunt caufow Peak Period Payback period