$234$ Net Annual Cash Flow $$30007700138009100$ Sheffield Corp. is considering the purchase of a piece of equipment that costs $$18800.$ Projected net annual cash flows over the project's life are: Year $1$ The cash payback period is $2\mathrm{.}24$ years. $2\mathrm{.}59$ years. $2\mathrm{.}41$ years. $2\mathrm{.}26$ years. Sheffield Corp. is considering the purchase of a piece of equipment that costs $\backslash (\backslash$$ $18800\backslash ).$ Projected net annual cash flows over the project's life are:

The cash payback period is

$2\mathrm{.}24$ years.

$2\mathrm{.}59$ years.

$2\mathrm{.}41$ years.

$2\mathrm{.}26$ years.