Carr Company Is Considering Two Capital Investment Proposals The Cash Payback Period for Project Soup Is
A)13

Carr Company is considering two capital investment proposals.Estimates regarding each project are provided below: $\begin{array}{ccc}&\text { Project Soup }& \text { Project Nuts }\\\text { Initial investment } & \$ 270,000 & \$ 600,000 \\\text { Annual net income } & 27,000 & 45,000 \\\text { Net annual cash inflow } & 90,000 & 142,000 \\\text { Estimated useful life } & 5 \text { years } & 6 \text { years } \\\text { Salvage value } & -0- & -0-\end{array}$ The cash payback period for Project Soup is

A) 13.5 years.
B) 5 years.
C) 3.9 years.
D) 3 years.