Question 18 of 20: Select the best answer for the question 18. (Ignore income taxes in this problem.) Ataxia Fitness Center is considering an investment in some additional weight training equipment. The equipment has an estimated useful life of 10 years with no salvage value at the end of the 10 years. Ataxia's internal rate of return on this equipment is 14 percent. Ataxia's discount rate is also 14 percent. The payback period on this equipment is closest to years. A. 3.70 B. 1.92 C. 5.22 D. 2.70

18. (Ignore income taxes in this problem.) Ataxia Fitness Center is considering an investment in some additional weight training equipment. The equipment has an estimated useful life of 10 years with no salvage value at the end of the 10 years. Ataxia's internal rate of return on this equipment is 14 percent. Ataxia's discount rate is also 14 percent. The payback period on this equipment is closest to years. A. 370 B. 192 C. 522 D. 2.70