Seaview Company is considering purchasing a small hotel on the Oregon coast. The hotel would require an initial investment of $5,000,000. The hotel will generate quarterly cash inflows of $350,000, and the hotel will have a $450,000 residual value at the end of 15 years (at which time Seaview plans to sell the hotel). What is the hotels payback period?

A : 3.3 years

B : 6.3 years

C : 14.3 years

D : 3.6 years