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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

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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 Year 2 Year 3 Year 4 Year 5 Net cash flows $41,000$35,000$23,000$17,000$11,000 3.35 years. 3,00 years. 4.35 years. 2.56 years. 3.02 years

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