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Help Save & Exit Subr Orange Corporation has gathered the following data on a proposed investment project Investment in depreciable equipment Annual net cash flows Life of the equipment Salvage value Discount rate $630,000 $ 88,000 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 would be: Multiple Choice 1.0 years