Harrison Corporation is studying a project that would have a ten-year life and would require a $450,000 investment in equipment which has no salvage value. The project would provide net operating income each year for the life of the project as follows: The payback period for this project is: 6.0 years 15 years None of the other answers are correct 0.9 years 3.75 years Funk Corporation is studying a project that would have a ten-year life and would require a 5800,000 investinentin equipment which has no salvage value. The project would provide net operating income each year for the life of the project as follows: The simple rate of return for this project is: 33.3% 24.4% 37.5% None of the other answers are correct 27.5%