Mandell, Inc. is evaluating the possible investments in depreciable plant assets. The company uses the straight-line method of depreciation. The following information is available Investment Investment Investment Initial capital investment $290,000 $230,000 $320,000 Estimated useful de 8 years 7 years 10 years Estimated residual value $15,000 $20,000 $30,000 Estimated annet cash flow for each year $51000 537 000 $65,000 Required rate of return 12% 125 125 Rank the projects as to order of preference is based on the best payback period . OBCBA C. CAB ODB.CA