Question 37 --/3.41 View Policies Current Attempt in Progress Skysong Corp. is considering the purchase of a piece of equipment that costs $10000. Projected net annual cash flows over the project's life are: Year Net Annual Cash Flow 1 $1000 2 8000 3 10000 8000 4 The cash payback period is 2.12 years. 2.10 years. 2.80 years. 2.08 years