QUESTION 6 The Buray Corporation has been presented with an investment opportunity which will yield cash flows of $20,000 per year in Years 1 through 4, $35,000 per year in Years 5 through 9, and $40,000 in Year 10. This investment will cost the firm $100,000 today, and the firm's cost of capital is 10 percent. Assume cash flows occur evenly during the year, 1/365th each day. What is the regular payback period for this investment? 4.57 years 4.35 years 6.12 years 5.23 years