D Question 5 (ignore income taxes in this problem.) Rogers Company is studying a project that would have a ten-year life and would recopine an $800,000 investment in equipment which has no salvage value. The project would provide net operating income each years follows for the life of the project: $500,000 100.000 400,000 Sales Less cash variable expenses... Contribution margin Lens fixed expenses Fixed cash expenses Depreciation expenses Net operating income $200,000 80 l 140 280.000 $120.000 The company's required rate of return is 8%. What is the payback period for this project? 2 years 4 years 6,67 years 3 years