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

Investment in depreciable equipment	$514,500
Annual net cash flows	$49,000
Life of the equipment	17 years
Salvage value	$0
Discount rate	13.25%

The company uses straight-line depreciation on all equipment.

The payback period for the investment would be:

	4.39 years
	0.10 years
	17 years
	10.50 years