Ataxia Fitness Center is considering an investment in some additional weight training equipment. The equipment has an estimated useful life of 4 years with no salvage value at the end of the 4 years. Ataxia's internal rate of return on this equipment is 6%. Ataxia's discount rate is also 6%. The payback period on this equipment is closest to (Ignore income taxes.): Click here to view Exhibit 138-1 and Exhibit 138-2, to determine the appropriate discount factors) using the tables provided. Multiple Choice 4.000 years 3.465 years O 2000 years 4.565 years The management of Byrge Corporation is investigating buying a small used aircraft to use in making airborne Inspections of its above-ground pipelines. The aircraft would have a useful life of 5 years. The company uses a discount rate of 13% in its capital budgeting. The net present value of the investment, excluding the intangible benefits, is -$396,300. (Ignore income taxes.) Click here to view Exhibit 138-1 and Exhibit 138-2. to determine the appropriate discount factor(s) using the tables provided. How large would the annual intangible benefit have to be to make the investment in the aircraft financially attractive? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) Multiple Choice $396,300 O $112,681 $79.260 $51,519