10. Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in equipment $ 90,000 Annual cash inflows $ 6,000 Salvage value of equipment Life of the investment 15 years Required rate of return 10 % The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment The payback period for the investment is: A) 5 years B) 7.143 years C) 2 years D) 15 years