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Mathematics, 04.12.2020 20:50 jumanar9472

(Ignore income taxes in this problem.) The management of Rusell Corporation is considering a project that would require an investment of $282,000 and would last for 6 years. The annual net operating income from the project would be $107,000, which
includes depreciation of $43,000. The scrap value of the project's assets at the end of the project would be $24,000. The payback
period of the project is closest to:
O 1.9 years
2.6 years
O 1.7 years
O 2.4 years

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