Sales Revenues $200,000

Operating Profit 42,600

Net Income $27,300

Balance Sheet Data

Total Current Assets $70,000

Total Current Liabilities 26,000

Total Assets 179,000

L-T Debt (draw against credit line) 63,000

Total Equity 90,000

Other Financial Data

Depreciation $4,000

Dividend payments $10,000

Based on the above figures, the companys debt payback period is? (please provide calculations)

• 2.96 years
• None of these
• 5.29 years
• 2.01 years
• 2.31 years