Ataxia Fitness Center is considering an investment in some additional weight training equipment. The equipment has an estimated useful life of 7 years with no salvage value at the end of the 7 years. Ataxia's internal rate of return on this equipment is 10%. Ataxia's discount rate is also 10%. The payback period on this equipment is closest to (Ignore income taxes.): Click here to view Exhibit 148-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided. Multiple Choice 7 years 4.868 years O 4 years 5.968 years