Concord Corp. is considering the purchase of a piece of equipment and has complied the following information Projected net annual cash flows over the project's life are: The cash payback period is No, because the cash payback period of 2.59 years is longer than half of the asset's 5 -year useful life. Yes, because the cash paybackperiod of 2.88 years is less than the asset's 5 -year usefull life of the asset. No, because the cash payback 2.88 years is longer than half of the asset's 5 -vear usefullife. Yes, because the cash payback period of 2.45 years is less than half of the asset' 5 -vear usefullife