hy B 24) Yates, Inc. is evaluating two possible investments in depreciable plant assets. straight-line method of depreciation. The following information is available: The company uses the Investment B Investment A Initial capital investment Estimated useful life $275,000 $225,000 8 years $15,000 $55,000 7 years $20,000 Estimated residual value Estimated annual net cash inflow for 10 years Required rate of return 535,000 12% 12% calculations and Compute the payback period for each investment. Which would you prefer? Show your round to one decimal place. (8 points)