Oceanview Manufacturing is considering an investment that would require an initial net investment of $660,000. The following revenues/expenses relate exclusively to the investment: Sales $370,000 Variable expenses $20,000 Contribution margin $350,000 Fixed expenses Salaries expense $35,000 Rent expense $20,000 Depreciation expense $40,000 Total fixed expenses $95,000 Operating income $255,000 The investment will have a residual value of $50,000 at the end of its 12 year useful life. What is the payback period for this investment? O A. 1.78 years O B. 2.59 years OC. 2.24 years OD. 3.07 years