Me Assume the following information for a capital budgeting proposal with a five year time harron $ 600,000 Initial investment Coat of equipment zero salvage value Annual revenues and costs sales revenues Variable expenses Depreciation expense Fixed out-of-pocket costs $ 300,000 $ 130,000 $50,000 $ 40,000 The payback period for this investment is closest to Multiple Choice 3.53 years 7.50 years 4.62 years