Thank you :)

Novak Inc. is contemplating a capital investment of $108000. The cash flows over the project's four years are: Expected Annual Expected Annual Year Cash Inflows Cash Outflows 1 $36000 $12000 2 51000 17000 3 67000 30000 4 57000 40000 The cash payback period is 3.76 years. 3.31 1 years. 3.79 years. 2.57 years