Wright Corp. is considering the purchase of a new piece of equipment, which would have an initial cost of $1,000,000 and a 5-year life. There is no salvage value for the equipment. The increase in cash flow each year of the equipment's life would be as follows: Year 1 Year 2 Year 3 $ 385,000 $360,000 $ 295,000 Year 41 Year 51 $ 240,000 $195,000 What is the payback period