4 of 12 (2 complete) Y This Test: 12 pts A company is evaluating three possible investments. The tolowing information is provided by the company Project A Project B Project C Investment Residual value Net cash flows Year 1 Year 2 Year 3 Year 4 Year 5 $208,000 $52,000 $208,000 0 22,000 24,000 56,000 32,00094,000 56,000 23,000 64,000 56,000 19,00074,000 56,00016,00034,000 56,000 What is the payback period for Project A? uses the str sume that the company uses the straight-line depreciation method.) (Round your answer to two decimal places) O A. 5.00 years O B. 3.71 years O C. 1.63 years OD. 2.71 years