Question 9 An anticipated purchase of equipment for $490,000 with a useful life of 8 years and no residual value is expected to yield the following annual net incomes and net cash Year Net Cash Flow Net Income $60,000 50,000 $110,000 100,000 50,000 100.000 40,000 90,000 40,000 90,000 40,000 90,000 90,000 40,000 40,000 90,000 What is the cash payback period? a. 4 years b. 3 years . 6 years d. 5 years