Rho Company is considering a new investment that costs $270,000, has a 9 year life, and no salvage value. Below is an income statement related to the investment's estimated annual revenues and expenses. Revenues $ 190,000 Expenses: Salaries $ 75,000 Utilities 20,000 Depreciation 30,000 Other cash expenses 35.000 160.000 Net operating income $ 30,000 The payback period on this investment is closest to 4.5 years 1.7 years 9.0 years 1.4 years