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GuSont Inc. was considering an investment in the following project Required initial investment Net annual after-tax cash inflow Annual depreciation expense (($800,000 - $162,000)/10 years)

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GuSont Inc. was considering an investment in the following project Required initial investment Net annual after-tax cash inflow Annual depreciation expense (($800,000 - $162,000)/10 years) Estimated salvage value Life of the project in years $800,000 $175,000 $ 63,800 $162,000 10 Assume that cash Inflows occur evenly throughout the year. The estimated payback period in years (rounded to one decimal place) for the proposed project is: Multiple Choice 23 years 3.2 years 4.4 years 4.6 years 6.5 years

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