THANK YOU JUNIOR BSIE BATCH 2021 Company is considering purchasing factory equipment that costs $480,000 and is estimated to have no salvage value at the end of its 8-year useful life. If the equipment is purchased, annual revenues are expected to be $135,000 and annual operating expenses exclusive of depreciation expense are expected to be $57,000. The straight-line method of depreciation would be used. The cash payback period on the equipment is (2 Points) 13.3 years 8.0 years. 6 2 years. 3.1 years