XYZ is thinking about buying some new stuff that costs $358,000 and has a life of 5 years with no salvaje Value The Incremental income and cash flows that would be generated are Year 1 Year 2 Year 3 Year 4 Year 5 Incremental Net Operating Incremental Income Net Cash Flows $65,000 $147,000 $71,000 $150,000 $82,000 $181,900 $45,000 $147,000 $87,000 $149,000 Assume cash flows occur at the same rate throughout the year except for the initial investment The payback period of this investment is closest to (Round your answer to 1 decimal place) Multiple Choice 3.3 years 5.0 ve 47 years M 130 Next >