n 13 Brady Corp. is considering the purchase of a piece of equipment that costs $20,000. Projected net annual cash flows over the project's life are: Year Net Annual Cash Flow ed out of 1 $ 3,000 2 8,000 question 3 15,000 4 9,000 The cash payback period is Select one: a. 2.70 years. b. 2.6 years c. 2.29 years D d. 2.40 years. e. 2.31 years