Belmont Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $208,000. The equipment will have an initial cost of $756,000 and have an 6-year life. If there is no salvage value of the equipment, what is the payback period? Multiple Choice 2.26 years 1.65 years 6.00 years 3.63 years < Prev 25 of 33 Next >