Question 13 spts Limon Corporation is considering a project that would require an initial investment of $580,000 and would last for 8 years. The Incremental annual revenues and expenses for each of the years would be as follows: Sales $225,000 Variable Conts $ 64,000 Contribution Margin $161.000 Fired Expenses Salaries $ 30,000 Rents $ 25,000 Depreciation $ 45,000 Total Fibed Expenses $100,000 Net Operating Income $61,000 At the end of the project, the salvage value of the project's assets would be $12,000, Required: Determine the payback period of the project. Show your work