Question 15 5 pts Tiger Inc. requires a 3 year payback on all capital budgeting decisions. They are considering an investment in a new piece of production equipment. It would cost $500,000 have a 5 year useful life and salvage value of $40,000. Tiger expects to see an increase of $125,000 in Net Income each year for 5 years. What is the payback period and does it meet Tiger's criteria? 4 years: Yes 4 years; No 2.3 years; No 2.3 years: Yes