A company is evaluating three possible investments. The following information is provided by the company. Project Project B Proiect Investment $224,000 S54,000 $224,000 Residual value 0 22,000 40,000 Net cash inflows! Year 1 58,000 36,000 84,000 Year 2 58,000 27,000 54,000 Year 3 58,000 23,000 64,000 Year 4 58,000 20,000 24,000 Year 5 58,000 0 0 What is the payback period for Project A? (Assume that the company uses the straight-line depreciation method.) (Round your answer to two decimal places.) A. 2.86 years OB. 5.00 years O c. 3.86 years OD. 1.50 years Click to select your answer Type here to search ORI