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Oriental Corporation has gathered the following data on a proposed Investment project: 16 Investment in depreciable equipment Annual net cash flows Life of the equipment
Oriental Corporation has gathered the following data on a proposed Investment project: 16 Investment in depreciable equipment Annual net cash flows Life of the equipment Salvage value Discount rate $ 640,080 $ 86,000 20 years 3.33 points 01:19:23 Skipped 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 O O 0.1 years O o 7.4 years
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