QUESTION 3 Federer Inc. is considering an investment in equipment of $40,000. It is expected to generate $16,000 in annual cash flows. The payback period is O 3.0 years O 4.0 years O2.5 years O 4 years QUESTION 4 All of the following are examples of capital investment decisions EXCEPT O leasing new machinery for its useful life of 5 years renting office equipment for 6 months building a new factory all of these answers are correct QUESTION 5 The time value of money focuses on O cash flow earnings per share accounting net income O depreciation 5 5