(Ignore income taxes in this problem. )Czaplinski Corporation is considering a project that would require an investment of $323,000 and would last for 7 years.The incremental annual revenues and expenses generated by the project during those 7 years would be as follows: The scrap value of the project's assets at the end of the project would be $22,000.The payback period of the project is closest to:

Question

(Ignore income taxes in this problem. )Czaplinski Corporation is considering a project that would require an investment of $323,000 and would last for 7 years.The incremental annual revenues and expenses generated by the project during those 7 years would be as follows:  The scrap value of the project's assets at the end of the project would be $22,000.The payback period of the project is closest to:

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The Answer of (Ignore income taxes in this problem. )Czaplinski Corporation is considering a project that would require an investment of $323,000 and would last for 7 years.The incremental annual revenues and expenses generated by the project during those 7 years would be as follows:  The scrap value of the project's assets at the end of the project would be $22,000.The payback period of the project is closest to:

(Ignore Income Taxes in This Problem