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 Required rate of return Investment A $385,000 9 years $20,000 $55,000 12% Investment B $320,000 8 years $20,000 $49,000 12% Investment C $310,000 10 years $35,000 $81,000 12% Rank the projects as to order of preference if based on the best payback period. A. B, C, A B. C, B, A O C. A, B, C OD. C, A, B