(Ignore income taxes in this problem.) The management of Helberg Corporation is considering a project that would require an investment of $280,000 and would last for 6 years. The annual net operating income from the project would be $114,000, which includes depreciation of $31,000. The scrap value of the project's assets at the end of the project would be $25,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to:

1.9 years

2.0 years

2.5 years

1.6 years