6 A project requires a $1,530,000 initial investment for new machinery. The project is expected to yield income of $111,000 per year and net cash flows of $300,000 per year for the next five years. The project's payback period is: X 02:53:28 Multiple Choice 5.1 years. O O 2.7 years. O 13.8 years. O 3.7 years. 5.4 years. O