(Ignore income taxes in this problem.) Gull Inc. is considering the acquisition of equipment that costs $480,000 and has a useful life of 6 years with no salvage value. The incremental net cash flows that would be generated by the equipment are: The payback period of this investment is closest to: A) 3.1 years B) 2.9 years C) 5.0 years D) 3.5 years