Robinson Fitness Center invests in weight training equipment that will provide steady returns over the 10-year estimated useful life of the equipment. The equipment has no salvage value. The equipment has an internal rate of return of 12%. Robinson has a 12% discount rate. The payback period on this equipment is closest to (Ignore income taxes.): A. 5.65 years 8.6.71 years C. 5 years D. 10 years E. 7.81 years Succulent Juice Corporation manufactures and sells premium tomato juice by the gallon. Succulent just finished its first year of operations. The following data relates to this first year: Number of gallons produced 75,000 Number of gallons sold 70,000 Selling price $ 3.00 per gallon Total contribution margin $ 84,000 Total fixed manufacturing overhead $ 63,000 cost Total fixed selling & administrative $ 10,500 expense What is absorption costing operating income during year 1? AS 6,300 B. $10,500 C. 584,000 DS14,700 E. S21,000