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The management of Helberg Corporation is considering a project that would require an investment of $188,000 and would last for 6 years. The annual net
The management of Helberg Corporation is considering a project that would require an investment of $188,000 and would last for 6 years. The annual net operating income from the project would be $105,000, which includes depreciation of $20,000. The scrap value of the project's assets at the end of the project would be $19,600. The cash inflows occur evenly throughout the year. The payback period of the project is closest to: Please show work, thanks
1.5 years
1.8 years
1.3 years
1.5 years
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