Joanne, 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 Investment B Initial capital investment $110, 000 $153, 000 Estimated useful life 10 years 10 years Estimated residual value $0 $30, 000 Estimated annual net cash inflow for 10 years $21, 000 $46, 000 Required rate of return 12% 14% Calculate the payback period for Investment B. 5.24 years 3.33 years 1.83 years 3.81 years