Marigold Corp. is considering the purchase of a piece of equipment that costs $21700. Projected net...

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Marigold Corp. is considering the purchase of a piece of equipment that costs $21700. Projected net annual cash flows over the project's life are: Year 1 Net Annual Cash Flow $3100 2 7200 3 15800 4 8100 The cash payback period is O 2.56 years. O 2.28 years. O 2.54 years. 2.72 years. Marigold Corp. is considering the purchase of a piece of equipment that costs $21700. Projected net annual cash flows over the project's life are: Year 1 Net Annual Cash Flow $3100 2 7200 3 15800 4 8100 The cash payback period is O 2.56 years. O 2.28 years. O 2.54 years. 2.72 years.