Adler Company is considering purchasing new equipment for $417,700. It is expected that the equipment will produce annual net income of $13,690 over...

Adler Company is considering purchasing new equipment for $417,700. It is expected that the equipment will produce annual net income of $13,690 over its 7-year useful life. Annual depreciation will be $59,671.Compute the cash payback period. (Round your answer to 1 decimal place, e.g. 5.1.)years.............

Adler Company is considering purchasing new equipment for $417,700. It is expected that the equipment will produce annual net income of $13,690over its 7-year useful life. Annual depreciation will...