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Ataxia Fitness Center is considering an investment in some additional weight training equipment. The equipment...

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Accounting

Ataxia Fitness Center is considering an investment in some additional weight training equipment. The equipment has an estimated useful life of 4 years with no salvage value at the end of the 4 years. Ataxia's internal rate of return on this equipment is 6%. Ataxia's discount rate is also 6%. The payback period on this equipment is closest to (Ignore income taxes.):

Multiple Choice

  • 4.000 years

  • 3.465 years

  • 2.000 years

  • 4.565 years

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