Concord is contemplating a capital investment of $21000. The cash flows over the project's five year life are projected as follows: Expected Annual Cash Inflows Year Expected Annual Cash Outflows $1000 1900 1 $5900 2 8400 3 9600 2300 4 12200 3000 5 15200 2400 The asset will be depreciated using the straight-line method with no expected salvage value. The cash payback period is 2.70 years. 2.69 years 2.58 years 325 years Coronado Corp. is considering the purchase of a piece of equipment and has complied the following information $115000 Initial cost One-time training cost Salvage value 14000 18000 Useful life 5 years Projected net annual cash flows over the project's life are: Year Net Annual Cash Flow $37000 1 2 56000 3 57000 4 63000 5 74000 Concord is contemplating a capital investment of $21000. The cash flows over the project's five year life are projected as follows: Expected Annual Cash Inflows Year Expected Annual Cash Outflows $1000 1900 1 $5900 2 8400 3 9600 2300 4 12200 3000 5 15200 2400 The asset will be depreciated using the straight-line method with no expected salvage value. The cash payback period is 2.70 years. 2.69 years 2.58 years 325 years Coronado Corp. is considering the purchase of a piece of equipment and has complied the following information $115000 Initial cost One-time training cost Salvage value 14000 18000 Useful life 5 years Projected net annual cash flows over the project's life are: Year Net Annual Cash Flow $37000 1 2 56000 3 57000 4 63000 5 74000