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Business, 06.05.2021 20:00 adantrujillo1234

Class Inc. is considering a project that would require an investment of $338,000 and would last for 8 years. The incremental annual revenues and expenses generated by the project during those 8 years would be as follows (Ignore income taxes.): Sales $ 269,000 Variable expenses 20,000 Contribution margin 249,000 Fixed expenses: Salaries 28,000 Rents 41,000 Depreciation 36,000 Total fixed expenses 105,000 Net operating income $ 144,000 The scrap value of the project's assets at the end of the project would be $18,000. The cash inflows occur evenly throughout the year. The payback period of the project is closest to: (Round your answer to 1 decimal place.) Group of answer choices 2.3 years 1.9 years 2.1 years 1.6 years

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Class Inc. is considering a project that would require an investment of $338,000 and would last for...
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