What is the payback period for this project? Payback = years rounded to (4) x.xxxx Do not assume the same numbers as the last questions Net income over years 1-5. 3.1037 Years 3.1001 Years 3.1060 Years 3.1074 Years 3.1110 Years Alpha Mega Inc. is thinking about investing in a new piece of equipment at a total cost of $237,000. The project will last 5 years at which time the equipment will be worthless. Their financial analyst has determined the following positive net income will result from this investment (NOTE: THIS IS NOT CASH!). Alpha Mega Inc uses a WACC of 6.5% to evaluate projects of this nature. NOTE: Problems 12-15 are based on very similar questions. HOWEVER, the NUMBERS for the problem may be different based on what version is randomly selected from Canvas. Do not assume the numbers stay the same