riental Corporation has gathered the following data on a proposed investment project Investment in depreciable equipment Annual net cash flows Life of the equipment Salvage value Discount rate $440,000 $ 77,000 20 years 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 10 years .) 0.2 years