The following details are provided by a manufacturing company:

	Product line
Investment	$ 1 comma 040 comma 000$1,040,000
Useful life	1515 years
Estimated annual net cash inflows for first year	$ 430 comma 000$430,000
Estimated annual net cash inflows for second year	$ 440 comma 000$440,000
Estimated annual net cash inflows for next ten years	$ 260 comma 000$260,000
Residual value	$ 90 comma 000$90,000
Depreciation method	Straightminusline
Required rate of return	1212%

Calculate the payback period for the investment. (Round your answer to two decimal places.)

5.65

years

B.

5.12

years

C.

2.65

years

D.

2.42

years