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Oriole Company is considering a capital investment of $387,000 in additional productive facilities. The new...

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Oriole Company is considering a capital investment of $387,000 in additional productive facilities. The new machinery is expected to have a useful life of 6 years with no salvage value. Depreciation is by the straight-line method. During the life of the investment, annual net income and net annual cash flows are expected to be $19,350 and $86,000, respectively. Oriole has an 7% cost of capital rate, which is the required rate of return on the investment. (21) Compute the cash payback period. (Round answer to 2 decimal ploces, eg. 2 . . 3 ). Cash payback period years

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