Sally Inc. is considering the purchase of a piece of equipment and has compiled the following information Projected net annual cash flows over the project's life are: Sally uses the cash payback method as an initial screening tool and has a policy that the payback period should not be more than halt of the asset's useful life. Based on this, should Sally move forward with further evaluation of the equipinent purchase? Yes, because the cash payback period is equal to half of the assets 6 vear uselulife or wo asset yes because the cash payback period of 275 years syess than haif of the assets oved uscturite. No. because the canh payback period of 314 yearn is longer wan tait ol the asseis 6 wear oseful ife Yes. bocouse the cooh payback penod of 3 years is iess than the -psels ovcar useful fre