Investment in depreciable equipment Annual net cash flows Life of the equipment Salvage value Discount rate $440,000 $ 77,000 20 years 13% 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 I 0 57 years O 02 years 0 O 37 years 0 10 years 0