Schmidt, Inc. is evaluating three possible investments in depreciable plant assets. The company uses the straight-line method of depreciation. The following information is available: Initial capital investment Estimated useful life Estimated residual value Estimated annual net cash flow for each year Investment A $385,000 Investment B $320,000 Investment C $310,000 9 years $20,000 8 years 10 years $20,000 $35,000 $55,000 $49,000 $81,000 12% 12% 12% Required rate of return Rank the projects as to order of preference if based on the best payback period. OA. C, A, B B. C, B, A C. B, C, A OD. A, B, C