10) Olinick Corporation is considering a project that would require an investment of 10) 343,000 and would last for 8 years. The incremental annual revenues and expenses generated by the project during those 8 years would be as follows (gnore income taxes.): Sales S 227,000 Variable expenses Contribution margin Fixed expenses: Salaries Rents Depreciation 75,000 27,000 41,000 40,000 108,000 Total fixed expenses Net operating income 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. The payback period of the project is closest to: A) 3.0 years B) 5.1 years C) 4.8 years D) 3.2 years I1) Randal Corporation recorded the following activity for the year just ended: Proceeds from sale of property Cash received from customers Issuance of common stock Issuance of bonds payable Dividends paid to stockholders 300,000 S 120,000 s180,000 s 500,000 S 130,000 400,000 Purchase of equipment The net cash provided by (used in) financing activities for the year was: A) $680,000 B) $550,000 C) $100,000 D) $180,000