Paramount Company is considering purchasing new equipment costing $700,000. The company's management has estimated that the equipment will generate cash flows as follows: 
Residual value is zero. What is the payback period?
Definitions:
DNR Order
A "Do Not Resuscitate" order is a medical directive that instructs healthcare providers not to perform CPR or other life-saving measures in the event of cardiac or respiratory arrest.
Natural Death
A death that occurs from the aging process or from a disease for which treatment is either not desired or not effective, in the absence of any external and preventable contributing factors.
Euthanasia
The practice of intentionally ending a life to relieve pain or suffering, often associated with terminal illnesses.
Slippery Slope
A logical fallacy suggesting that a minor action will lead to major and often negative consequences.
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