An anticipated purchase of equipment for $400,000, with a useful life of 8 years and no residual value, is expected to yield the following annual net incomes and net cash flows:

Year	Net Income	Net Cash Flow
1	$60,000	$110,000
2	50,000	100,000
3	50,000	100,000
4	40,000	90,000
5	40,000	90,000
6	40,000	90,000
7	40,000	90,000
8	40,000	90,000

What is the cash payback period?

A.		5 years
B.		4 years
C.		6 years
D.		3 years