Logan, 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	$107,000	$150,000
Estimated useful life	10 years	10 years
Estimated residual value	0	$29,000
Estimated annual net cash inflow for 10 years	$30,000	$50,000
Required rate of return	10%	14%

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

A.2.60years

B.2.37years

C.3.57years

D.1.00 year