You have the opportunity to expand your business by purchasing new equipment for $191,000. You expect to incur fixed costs of $97,000 per year to use this new equipment, and you expect to incur variable costs in the amount of approximately 8% of annual revenues. (i) Click the icon to see the Worked Solution. Requirement 1. Calculate the payback period for this investment assuming you will generate $136,000 in cash revenues every year. (Round your answer to two decimal places.) The payback period is years. Review