View Policies Current Attempt in Progress Pronghorn Company is considering investing in new equipment that will cost $1,422,000 with a 10-year useful life. The new equipment is expected to produce annual net income of $50,000 over its useful life. Depreciation expense, using the straight-line rate, is $142,200 per year. Compute the cash payback period. (Round answer to 1 decimal place, e.g. 15.2.) Cash payback period years Save for Later Attempts: 0 of 1 used Submit Answer