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Kautzer corporation is considering a project that would require an investment of $418,000 and would last for 9 years. The incremental annual revenues and expenses generated by the project during those 9 years would be as follows:

Sales	$111,000
Less variable expenses	11,000
Contribution margin	100,000
Less fixed expenses
Salaries	12,000
Rents	19,000
Depreciation	45,000
Total fixed expenses	76,000
Net operating income	$24,000

The scrap value of the project's assets at the end of the project would be $13,000. The payback period of the project is closest to:

A. 5.9 years

B. 6.1 years

C. 17.4 years

D. 16.9 years