Oceanview Manufacturing is considering an investment that would require an initial net investment of $690,000. The following revenues/expenses relate exclusively to the investment: Sales $320,000 Variable expenses $50,000 Contribution margin $270,000 Fixed expenses Salaries expense $28,000 Rent expense $40,000 Depreciation expense $20,000 Total fixed expenses $88,000 Operating income $182,000 The investment will have a residual value of $40,000 at the end of its 12 year useful life. What is the payback period for this investment? O A. 4.26 years OB. 2.16 years OC. 3.42 years OD. 3.79 years