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Sheffield Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Soun Project Nuts Initial investment $398640 $604000 Annual

Sheffield Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Soun Project Nuts Initial investment $398640 $604000 Annual net income 26800 44000 Net annual cash inflow 90600 141400 Estimated useful life 4 years 5 years Salvage value 0 The cash payback period for Project Soup is 13.7 years. 4.0 years. O 4.3 years. 4.4 years. 0

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