4 OF 30 QUESTIONS REMAINING Question 29 3.3 Points (Competency 4: Learning Objective 6) 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 Initial capital investment $101, 000 $151,000 Estimated useful life 10 years 10 years Estimated residual value 0 $ 20,000 Estimated annual net cash inflow for 10 years $28,000 $47,000 Required rate of return 12 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 Questions Filter (30)