Oriental Corporation has gathered the following data on a proposed investment project 14 Investment in depreciable equipment Annual net cash flows Life of the equipment Salvage value Discount rate $ 699,000 $ 76,000 16 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.) the initial investment. 14 The payback period for the investment would be: (Ro Multiple Choice eBook 0.1 years 1.0 years 71 years 9.1 years Me Gew