The following details are provided by a manufacturing company: Investment Useful life Estimated annual net cash inflows for first year Estimated annual net cash inflows for second year Product line $1,010,000 15 years $490,000 $450,000 Estimated annual net cash inflows for next ten years $160,000 Residual value $90,000 Depreciation method Straight-line Required rate of return 12% Calculate the payback period for the investment. (Round your answer to two decimal places.) A. 14.71 years B. 2.06 years OC. 13.43 years OD. 2.44 years