Pink Petunias, a wholesale nursery, is considering purchasing a new plot of land for their business for $300,000. The land would allow Pink Petunias to increase their pre-tax cash flows by $90,000 each year. The company would plan to keep the land for 20 years before selling it for $300,000. Because the land is real property, the company would not take any related depreciation. Pink Petunias tax rate is 25%, and the required rate of return is 9%. What is the Cash Payback Period of the proposed investment? Group of answer choices 20 years 4.44 years 3.33 years