13 Samson Lfd is considening replacing equipment. The cost on 1.1.2023 will be 53m. The expected economic life of the equipment will be 4 years. The company depreciates its equipment using the straight-line methods. The company expects to sell this equipment for 400,000, after the end of its useful economic life. There are expected cost savings arising from this investment of 1,200,000 in each of years 1 and 2 and 800,000 in each of years 3 and 4 . What is the payback of this investment? Select one answer: 3 years and 2 months 2 years and 9 months 3 years 2 years