The Fayetteville Flag company is considering either purchasing a plot of land where they can grow cotton for their flags or a new manufacturing facility. The plot of land has an initial cost of $500,000 and will bring in cash inflows of $90,000 per year. The manufacturing facility will have an initial cost of $600,000 and will bring in annual cash flows of $125,000 per year. If Fayetteville Flag will invest in the project with the shortest cash payback period, which of the following is true? Fayetteville Flag should invest in the manufacturing facility. The payback period for the land is 5.56 years and the payback period for the manufacturing facility is 4.8 years. Fayetteville Flag should invest in the manufacturing facility. The payback period for the land is 8.12 years and the payback period for the manufacturing facility is 5.7 years. Fayetteville Flag should invest in the plot of land. The payback period for the land is 5.25 years and the payback period for the manufacturing facility is 7.63 years. Fayetteville Flag should invest in the plot of land. The payback period for the land is 4.9 years and the payback period for the manufacturing facility is 6.7 years