uncements ales ssions Question 7 View Policies Current Attempt in Progress olium Bonita Company is considering purchasing new equipment for $567,000. It is expected that the equipment will produce net annual cash flows of $63,000 over its 10-year useful life. Annual depreciation will be $56,700. Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.) mase Course trials Cash payback period years er Zoom le Drive utor e Textbook and Media Accounting kly Updates Save for Later tbook Attempts: 0 of 3 used Submit