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Cheyenne Inc. is contemplating a capital investment of $98000. The cash flows over the project's four years are: Expected Annual Expected Annua Cash Inflows Cash

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Cheyenne Inc. is contemplating a capital investment of $98000. The cash flows over the project's four years are: Expected Annual Expected Annua Cash Inflows Cash Outhows Year $30000 59000 70000 54000 $16000 18000 30000 40000 4 The cash payback period is O 3.49 years. O 2.23 years O 3.13 years. O 3.21 years

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