Waterway Corp. is considering the purchase of a piece of equipment that costs $21800. Projected net annual cash flows over the project's life are: Net Annual Cash Flow Year 1 $3000 2 8800 3 15800 4 8200 The cash payback period is O 2.46 years. O 2.63 years. O 2.37 years. O 2.44 years 4 SUPPC