Moon Inc. is contemplating a capital investment of $86000. The cash flows over the project's four years are: Expected Annual Expected Annual Year Cash Inflows Cash Outflows 1 $32000 $12000 2 45000 20000 3 61000 23000 4 51000 29000 The cash payback period is 2.24 years 3.28 years 3.14 years 3.06 years