(Ignore income taxes in this problem.) Czaplinski Corporation is considering a project that would require an investment of $1,323,000 and would last for 5 years. The incremental annual revenues and expenses generated by the project during those 5 years would be as follows:

Sales	$334,000
Variable expenses	45,000
Contribution margin	289,000
Fixed expenses:
Salaries	44,000
Rents	31,000
Depreciation	123,000
Total fixed expenses	198,000
Net operating income	$91,000

The scrap value of the project's assets at the end of the project would be $62,000. The payback period of the project is closest to:

14.5 years

6.2 years

7.2 years

14.1 years