Question 4 5 pts Universal Inc. is evaluating a capital investment project that requires an initial investment of $384.000 to open a new facility. The annual revenues and expenses generated by this project each pear during its 10-year life are as follows: $200,000 (65.000) $135,000 Sales revenues Variable costs Contribution margin Fixed costs: Salary expense Rent expense Depreciation expense Operating income $15.000 40,000 30,000 (85,000) $50,000 The only non-cash item of income or expense is depreciation expense. The salvage value of the project at the end of the 10 years is $20,000. What is the payback period of this project in years? (Round to one decimal point.) 7.7 years O 7.3 years 0 4.6 years 4.8 years None of the above