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Olinick Corporation is considering a project that would require an investment of $319,000 and would last for 8 years. The incremental annual revenues and expenses

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Olinick Corporation is considering a project that would require an investment of $319,000 and would last for 8 years. The incremental annual revenues and expenses generated by the project during those 8 years would be as follows (Ignore income taxes.): $265,000 26,000 239,000 Sales Variable expenses Contribution margin Fixed expenses: Salaries Rents Depreciation Total fixed expenses Net operating income 33,000 46,000 41,000 120,000 $119,000 The scrap value of the project's assets at the end of the project would be $23,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to: Multiple Choice 0 2.4 years 0 1.9 years 0 2.0 years 0 2.7 years

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