15 years The following details are provided by a manufacturing company Product line Investment $1,140,000 Useful life Estimated annual net cash inflows for first year $420,000 Estimated annual net cash inflows for second year $380,000 Estimated annual net cash inflows for next ten years $430,000 Residual value $90,000 Depreciation method Straight-line Required rate of retum 15% Calculate the payback period for the investment (Round your answer to two decimal places) OA. 2.35 years OB. 2.71 years OC. 2.62 years OD. 2.79 years