Blue Spruce Corp. is considering the purchase of a piece of equipment that costs $30000. Projected net annual cash flows over the projects life are: Year Net Annual Cash Flow 1 $9000 2 12000 3 20000 4 11000 The cash payback period is

Blue Spruce Inc. is contemplating a capital investment of $108000. The cash flows over the projects four years are: year. cash inflows. cash outflows.

1	35000	16000
2	65000	25000
3	75000	30000
4	65000	40000

The cash payback period is