MC Qu. 28 (Ignore income taxes in this problem.)... (Ignore income taxes in this problem.) Neighbors Corporation is considering a project that would require an investment of $369,000 and would last for 8 years. The incremental annual revenues and expenses generated by the project during those 8 years would be as follows: Sales Variable expenses Contribution margin Fixed expenses: $255,000 25,000 230,000 Salaries Rents Depreciation 43,000 56,000 51,000 Total fixed expenses 150,000 Net operating income $80,000 The scrap value of the project's assets at the end of the project would be $33,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to: O 2.8 years O 4.6 years O 3.5 years ?27 years