QUESTION 16 Logan, Inc. 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 Estimated useful life $102,000 10 years $150,000 10 years Estimated residual value Estimated annual net cash inflow for 10 years Required rate of return $23,000 $20,000 $46,000 10% 14% Calculate the payback period for Investment A. (Round your answer to two decimal places.) 3.04 years 1.00 year O3.95 years 5.10 years