Oxalis Corporation is considering a project that would require an investment of $284 000 and would lost for 8 years. The incremental annual revenues and expenses generated by the project during those 8 years would be as follows Ugnore income taxes) $239,000 23,000 216,000 Sales Variable expenses Contribution margin Fixed expenses: Salaries Rents Depreciation Total fixed expenses Het operating income 26,000 39,000 34,000 99.000 $117,000 The scrap value of the project assets at the end of the project would be $16.000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to (Round your answer to 1 decimal place) Multiple Choice 22 years e scrap value of the project's assets at the end of the project would be 516,000 The cash flows occur evenly throughout the year. The payback period of the oject is closest to (Round your answer to 1 decimal place) Mugle Choke 22 years 24 years O 16 years 19 years