View Policies -12 Current Attempt in Progress Novak Corp. is considering the purchase of a piece of equipment that costs $30000. Projected net annual cash flows over the project's life are: Year Net Annual Cash Flow 1 $ 7000 2 10000 3 25000 4 8000 The cash payback period is 2.47 years. 2.20 years 2.33 years 2.52 years Attromalised Type here to search o 99