Wildhorse Inc. is contemplating a capital investment of $98000. The cash flows over the project's four years are Expected Annual Year Expected Annual Cash Inflows Cash Outflows 1 $39000 $12000 2 51000 20000 3 70000 30000 4 60000 40000 The cash payback period is 3.00 years 3.11 years. 3.58 years 2.20 years