27) Logan, Inc. is evaluating two possible investments in depreciable plant assets. The company uses the straight-line method of depreciation. The following information is available: Investment A Investment B $151,000 10 years $20,000 $47,000 12% $101,000 10 year Initial capital investment Estimated useful life Estimated residual value Estimated annual net cash inflow for 10 years Required rate of return $28,000 12% Calculate the payback period for Investment A. (Round your answer to two decimal places.) A) 2.22 years B) 2.89 years C) 1.00 year D) 3.61 years