First Choice Carpets is considering purchasing new weaving equipment costing $716,000. The company's management has estimated that the equipment will generate cash inflows as follows: Year 1 $200.000 200,000 268,000 268,000 166,000 Considering the residual value is zero, calculate the payback period. (Round your answer to two decimal places.) WN O A. 3.18 years OB. 3.42 years O C. 4.68 years OD. 3.66 years