Blue Spruce Company is considering two capital investment proposals. Estimates regarding each project are provided below: Initial investment Annual net income Net annual cash inflow Estimated useful life Salvage value $350000 30000 110000 5 years 0 $468000 46000 146000 6 years 0 The company requires a 10% rate of return on all new investments Periods 990 1096 1196 1296 3.89 3.791 3.696 3.605 4.486 4.355 4.231 4.111 6 The cash payback period for Project Nuts is O 11.67 years O 6.32 years O 4.38 years 3. 21 years