Quary Systems has gathered the following data on a proposed investment project: Investment in depreciable equipment Annual net cash flows Life of the equipment Salvage value $ 510,000 $ 90,000 10 years $.0 78 Discount rate 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 5.7 years 1.0 years 3.7 years 0.2 years