Joetz Corporation Has Gathered the Following Data on a Proposed

Multiple Choice

Joetz Corporation has gathered the following data on a proposed investment project (Ignore income taxes.) : 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 is:

A) 5 years
B) 15 years
C) 2 years
D) 7.143 years