Osprey Company 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 Initial capital investment $72,000 $160,000 Estimated useful life 7 years 7 years Estimated residual value $6,000 $19,000 Estimated annual net cash inflow $12,000 $20,000 Required rate of return 9% 11% How long is the payback period for Investment B? O A. 8.42 years OB. 1.05 years O C. 7.05 years OD. 8 years