Logy 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 $100,000 $150,000 Initial capital investment Estimated useful life 10 years 10 years Estimated residual value $20,000 $20,000 $40,000 Estimated annual net cash inflow for 10 years Required rate of return 10% 1294 Calculate the payback period for investment A 3 years 4 years 1 year 5 years