HLEP

15 years The following details are provided by a manufacturing company: Product line Investment $1,000,000 Useful life Estimated annual net cash inflows for first year $460,000 Estimated annual net cash inflows for second year $380,000 Estimated annual net cash inflows for next ten years $250,000 Residual value $90,000 Depreciation method Straight-line Required rate of return 12% Calculate the payback period for the investment. (Round your answer to two decimal places.) O A. 2.64 years OB. 5.81 years OC. 2.17 years OD. 5.25 years