Bonneville Manufacturing is considering an investment that would require an initial net investment of $650,000. The following annual revenues/expenses relate exclusively to the investment: Sales $350,000 -Variable expenses -$40,000 -Salaries expense -$28,000 -Rent expense -$20,000 -Depreciation expense -$40,000 Operating income $222,000 The investment will have a residual value of $50,000 at the end of its 15 year useful life. What is the payback period for this investment? Group of answer choices 16.25 years 2.48 years 2.93 years 0.40 years 1 An annuity is best described as which of the following statements? Group of answer choices Another term used for future value A stream of interest payments on a principal amount invested A stream of equal cash installments made at equal time intervals Another term used for present value glish (United States 0 W AW