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 $560,000 $ 82,000 16 years $ 0 9% 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 O 10 years O 4.8 years