Determine the payback period at an interest rate of 8% per year for an asset that initially cost $25,000, has a scrap value of $1500 whenever it is sold, and generates cash flow of $4,350 per year for 15 years.

Yantnz:
	15 years
	13 years
	5 years
	14 years
	10 years
	11 years
	4 years
	6 years
	12 years
	3 years
	8 years
	9 years
	7 years