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(Ignore income taxes in this problem.) The management of Helberg Corporation is considering a project that would require an investment of $270,000 and would last

(Ignore income taxes in this problem.) The management of Helberg Corporation is considering a project that would require an investment of $270,000 and would last for 6 years. The annual net operating income from the project would be $112,000, which includes depreciation of $15,000. The scrap value of the project's assets at the end of the project would be $17,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to:

2.1 years

2.4 years

1.9 years

2.1 years

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