is considering a project that would require an investment of $379,000 and would last for 8 years. The incre revenues and expenses generated by the project during those 8 years would be as follows (Ignore income taxes) $240,000 27,000 213,000 Sales Variable expenses Contribution margin Fixed expenses: 45,000 58,000 53,000 156,000 $ 57,000 Salaries Rents Depreciation Total fixed expenses Net operating income The scrap value of the project's assets at the end of the project would be $35,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to Multiple Choice Prev 11 of 15 ill Next >