Logan, Inc. is evaluating two possible investments in depreciable plant assets. The company uses the straight-line method of depreciation. The following information is available: Calculate the payback period for Investment A. (Round your answer to two decimal places.) Investment A | Investment Initial capital investment Estimated useful life Estimated residual value Estimated annual net cash inflow for 10 vears Required rate of return $150 10 ye $23,000 $46,000 $102,000 10 vear $20 10 14% Minimized View A. 3.04 years 4 PM MST