Coronado Corp, is considering the purchase of a piece of equipment that costs $20700. Projected net annual cash flows over the project's life are: The cash payback period is 2.65 years: 2.44 years. 2.42 years. 2.35 years. Waterway Inc. is contemplating a capital investment of $92000. The cash flows over the project's four years are: The cash payback period is 3,82 years. 3.29 years. 2.44 years. 3.87 years