Question 1 of 50 > -16 E View Policies Current Attempt in Progress Crane, Inc. plans to purchase equipment with a cost of 5116000. The company expects annual net cash inflows from the equipment of $24600. The equipment has an estimated life of years, no estimated salvage life, and a required rate of return is 6x The payback period for the equipment is closest to 0.8.0 year O 10 year O 15 years 0 47 years Sweater Attempts: 0 of 1 used Submit Answer i 16 8 F10 - FIE Prisc Insert F12 Dette % $ 4 & 7 + 5 6 * 00 ( 9 ) 0 Backspace R . Y 1 O t F