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

Investment in depreciable equipment $ 200,000

Annual net cash flows	$ 40,000
Life of the equipment	10 years
Salvage value	$ 0
Discount rate	10 %

Assume cash flows occur uniformly throughout a year except for the initial investment.

The payback period for the investment would be:

Group of answer choices

10 years

2.41 years

5 years

0.25 years