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The management of L Corporation is considering a project that would require an investment of $270,000 and would last for 6 years. The annual net

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The management of L Corporation is considering a project that would require an investment of $270,000 and would last for 6 years. The annual net operating income from the project would be $112,000, which includes depreciation of $15,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to (Ignore income taxes.): Multiple Choice 2.2 years 2.4 years 2.1 years 1.9 years

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