Nelson Corp Is considering the purchase of a new plece of equipment. The cost savings from the equlpment would result In an annual Increase in cash flow of $102,000. The equipment will have an Initial cost of $204,000 and have a 3 year life. If the salvage value of the equipment Is estimated to be $77000, what is the payback perlod? Ignore Income taxes O 200 years O 2.75 years O 1.25 years O 5.00 years