Help Save & Exit Sub Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes $30,000 $ 6,000 Investment required in equipment Annual cash inflows Salvage value of equipment Life of the investment Required rate of return 15 years 10% The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial Investment The payback period for the investment is: Multiple Choice 5 years Prev 1 of 25 Next > 9:19 PM ere to search Multiple Choice 0 5 years 0 15 years 0 2 years 0 7.143 years Prev 1 of 25 !!! Next > search