Bass Corporation is organized into numerous responsibility centers for budgeting purposes. One of these responsibility centers reports the following results for the month of March: Sales revenues Net operating income Average operating assets Return on investment Actual $1,020,000 $115.000 $1,250,000 9.20 Budget $1,000,000 $90.000 $1.250,000 7.29 Variance $20,000 F $25.000 F None 2.0% F What type of responsibility center does the reporting of these financial results reflect? Investment center Profit center Revenue center Cost center Return center D Question 7 3.33 pts Universal Inc. is evaluating a capital investment project that requires an initial investment of $384,000 to open a new facility. The annual revenues and expenses generated by this project each year during its 10-year life are as follows: $200,000 (65.000) $135,000 Sales revenues Variable costs Contribution margin Fixed costs: Salary expense Rent expense Depreciation expense Operating income $15.000 40.000 30,000 (85.000) $50,000 The only non-cash item of income or expense is depreciation expense. What is the payback period of this project in years? Round to one decimal point. 0 7.7 years 07.3 years 4.6 years 4.8 years