Dragonfly, Inc. is evaluating two possible investments in depreciable plant assets. The company uses the

straightline method of depreciation. The following information is available:

Investment A Investment B

Initial capital investment $105,000 $150,000

Estimated useful life 10 years 10 years

Estimated residual value 0 $27,000

Estimated annual net cash inflow

for 10 years $24,000 $50,000

Required rate of return 12% 14%

Calculate the payback period for Investment A. (Round your answer to two decimal places.)