anticipated purchase of equipment for $490,000 with a useful life of eight years and no residual value is expected to yield the following annual net incomes nd net cash flows: Year UN Net Income $60,000 50,000 50,000 40,000 40,000 40,000 40,000 40,000 Net cash flow $110,000 100,000 100,000 90,000 90.000 90,000 90,000 What is the cash payback period? Oa. 4 years Ob. 3 years Oc. 6 years Od. 5 years ( Previous Next >