Pearl Manufacturing Company provides glassware machines for major department store retailers. The company has been investigating a new piece of machinery for its production department. The old equipment has a remaining life of ten years and the new equipment has a value of $249,400 with a ten-year life. The expected additional cash inflows are $103,000 per year. What is the payback period for this investment? OA. 2.4 years OB. 1.4 years C. 3.4 years OD. 10 years