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 Estimated annual net cash inflows for next ten years Product line $1,000,000 14 years $400,000 $380,000 $310,000 Residual value Depreciation method $90,000 Straight-line Required rate of return 12% Calculate the payback period for the investment. (Round your answer to two decimal places.) OA. 3.55 years OB. 2.71 years OC. 2.50 years OD. 3.95 years