View Policies Current Attempt in Progress Swifty Company is considering investing in new equipment that will cost $1,431,000 with a 10-year useful life. The new equipment is expected to produce annual net income of $29,300 over its useful life, Depreciation expense, using the straight-line rate, is $143,100 per year. Compute the cash payback period. (Round answer to 1 decimal place, es. 15.2) Cash payback period years