Ataxia Fitness Center is considering an investment in some additional weight training equipment. The equipment has an estimated useful life of 8 years with no salvage value at the end of the 8 years. Ataxia's Internal rate of return on this equipment is 9%. Ataxia's discount rate is also 9%. The payback period on this equipment is closest to (ignore income taxes.): Click here to view Exhibit 148-1 and Exhibit 1482. to determine the appropriate discount factor(s) using the tables provided. Multiple Choice 4 years 3 years 5.535 years 6615 years