Crane Corp. is considering the purchase of a piece of equipment and has complied the following information Initial cost $126000 17000 One-time training cost Salvage value 20000 Useful life 5 years Projected net annual cash flows over the project's life are: Year Net Annual Cash Flow $34000 1 2 56000 3 57000 4 63000 5 77000 Crane uses the cash payback method as an initial screening tool and has a policy that the payback period should not be more than half of the asset's useful life. Based on this, should Crane move forward with further evaluation of the equipment purchase? O No, because the cash payback period of 2.63 years is longer than half of the asset's 5-year useful life. O No, because the cash payback 2.93 years is longer than half of the asset's 5-year useful life. Yes, because the cash payback period of 2.49 years is less than half of the asset's 5-year useful life. Yes, because the cash payback period of 2.93 years is less than the asset's 5-year useful life of the asset