A company is considering the purchase of a new piece of equipment for $105,000. It is expected to produce the following net cash flows. The payback period is Year 1 Net cash flows $ 41,000 Year 2 $ 35,000 Year 3 $ 23,000 Year 4 $17,000 Year 5 $11,000 Multiple Choice 302 years 435 years 3.35 years 300 yours 256 years