Splish Brothers Company is considering two capital investment proposals. Estimates regarding each project are provided below: Initial investment Annual net income Net annual cash inflow Estimated useful life Salvage value Project Soup $360000 30000 110000 5 years Project Nuts $684000 46000 146000 6 years The company requires a 10% rate of return on all new investments. Periods Present Value of an Annuity of 1 9% 10% 11% 12% 3.89 3.791 3.696 3.605 4.486 4.355 4.231 4.111 The cash payback period for Project Nuts is 4.68 years. 12.00 years. 4.50 years. 7.35 years