Martin Corporation is considering an investment in new equipment costing 5150,000. The equipment will be depreciated on a straight-line basis over a five-year life and is expected to generate net cash inflows of $55.000 the first year. $20,000 the second year, and 582,000 every year thereafter until the fifth year. What is the payback period for this investment? The equipment has no residual value O A 1.55 years B. 2.37 years OC. 2.91 years OD 3.91 years