1. (Ignore income taxes in this problem.) The management of Helberg Corporation is considering a project that would require an investment of $203,000 and would last for 6 years. The annual net operating income from the project would be $103,000, which includes depreciation of $30,000. The scrap value of the project's assets at the end of the project would be $23,000. The cash inows occur evenly throughout the year. The payback period of the project is closest to: a. 1.5 years b. 2.0 years c. 1.4 vears d. 1.7 vears