Oriental 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 $620,000 $ 86,000 10 years $ 6% 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: (Round your answer to 1 decimal place.) Multiple Choice 0.1 years 10 years 52 years 72 years