Poll Question 2 Equipment will be purchased at a cost of $30,000. It will have no salvage value. The cash flows are expected to be: $12,000, $10,000, $15,000, and $8,000, over the life of the equipment. The payback period will occur in: a. 3.1 years b. 4.0 years c. 2.50 years d. 2.53 years