Arrendo, 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 $109,000 Investment B $153,000 10 years 10 years Initial capital investment Estimated useful life Estimated residual value Estimated annual net cash inflow for 10 years Required rate of return 0 $24,000 10% $23,000 $47,000 12% Calculate the payback period for Investment B. (Round your answer to two decimal places.) O A. 4.54 years B. 1.86 years C. 3.58 years D. 3.26 years