Oriental Company has gathered the following data on a proposed investment project:

Investment in depreciable equipment $$200,000$

Annual net cash flows $$50,000$

Life of the equipment $10$ years

Salvage value $$0$

Discount rate $10\%$

The company uses straight$-$line depreciation on all equipment.

The payback period for the investment would be:

Multiple Choice

$0\mathrm{.}25$ years.

$2\mathrm{.}41$ years.