Wildhorse Company is considering the purchase of a new machine. The invoice price of the machine is $$72,020,$ freight charges are

estimated to be $$4,940,$ and installation costs are expected to be $$6,500.$ The annual cost savings are expected to be $$26,000$ for $10$

years. Calculate the cash payback period. $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Cash payback period

years