11 Assume the following information for a capital budgeting proposal with a five-year time horizon: Initial investment: Cost of equipment (zero salvage value) $ 430,000 Annual revenues and costs: $ 300,000 Sales revenues Variable expenses Depreciation expense Fixed out-of-pocket costs The payback period for this investment is closest to: $ 130,000 $ 50,000 $ 40,000 Multiple Choice 5.38 years 2.53 years 3.31 years Help Save & Exit Subm