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The following information is available for a potential investment the Lee Corporation is considering: Initial Investment $120,000 Annual net cash flows 27,500 Annual net income

The following information is available for a potential investment the Lee Corporation is considering:

Initial Investment	$120,000
Annual net cash flows	27,500
Annual net income	15,000
Salvage value	20,000
Useful life	8 years

The investments payback period is closest to:

	a.	3.6 years
	b.	5.1 years
	c.	4.4 years
	d.	6.7 years

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