SIGN USE THE FOLLOWING TABLE FOR APPLICABLE QUESTIONS: Periods 1 2. 3 Present Value of an Annuity of 1 8% 9% 10% 0.926 0.917 0.909 1.783 1.759 1.736 2.577 2.531 2.487 If you cannot see the image of the table above, make sure you are using Chrome or Firefox for your browser before start D Question 21 3 pts Rudolph Company is considering a purchase of new equipment for $240,000 with an estimated life of ten years and no salvage value. Rudolph will depreciate the equipment using the straight-line method. The equipment is expected to generate net income of $6,000 each year. The cash payback period on this capital investment is 20 years 4 years 8 years 10 years