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please answer question completely using multiple choice The management of Lanzilotta Corporation is considering a project that would require an investment of $265,000 and would
please answer question completely using multiple choice
The management of Lanzilotta Corporation is considering a project that would require an investment of $265,000 and would last for 6 years. The annual net operating income from the project would be $111,000, which includes depreciation of $30,000. The scrap value of the project's 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 (Ignore income taxes.): (Round your answer to 1 decimal place.) Multiple Choice 19 years O 2.4 years O 1.7 years 3.1 yearsStep by Step Solution
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