(Ignore income taxes in this problem.) Neighbors Corporation is considering a project that would require an investment of $313,000 and would last for 8 years. The incremental annual revenues and expenses generated by the project during those 8 years would be as follows:

A. 2.0 years

B. 2.9 years

C. 2.5 years

D. 2.1 years

Sales	$250,000
Variable expenses	25,000
Contribution margin	225,000
Fixed expenses:
Salaries	32,000
Rents	45,000
Depreciation	40,000
Total fixed expenses	117,000
Net operating income	$108,000

The scrap value of the project's assets at the end of the project would be $22,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to: