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The management of Helberg Corporation is considering a project that would require an investment of $203,000 and would last for 6 years. The annual net
The management of Helberg Corporation is considering a project that would require an investment of $203,000 and would last for 6 years. The annual net operating income from the project would be $103,000, which includes depreciation of $30,000. The scrap value of the project's assets at the end of the project would be $23,000. The cash inflows occur evenly throughout the year. How long is the payback period of the project closest to?
A. 1.7 years
B. 2.0 years
C. 1.4 years
D. 1.5 years
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