The following details are provided by a manufacturing company: Product line Investment $1,020,000 Useful life 15 years Estimated annual net cash inflows for first year $500,000 Estimated annual net cash inflows for second year $420,000 Estimated annual net cash inflows for next ten years $170,000 Residual value $70,000 Depreciation method Straight-line Required rate of return 15% Calculate the payback period for the investment. (Round your answer to two decimal places.) O A. 9.90 years B. 2.04 years OC. 2.59 years OD. 9.20 years Kitchen Convenience Company manufactures two productstoaster ovens and bread machines. The following data are available: Sales price Variable costs Toaster Ovens $100 $40 Bread Machines $150 $70 Kitchen Convenience can manufacture six toaster ovens per machine hour and four bread machines per machine hour. Kitchen Convenience's production capacity is 2,000 machine hours per month. What is the contribution margin per machine hour for bread machines? O A. $60 OB. $320 O C. $480 D. $80 The following information is provided by Graham Company: Project A Project B Project C Project D Initial investment $432,000 $206,000 $570,000 $510,000 PV of cash inflows $586,000 $392,000 $814,000 $394,000 Payback period (years) 3.6 3.2 4.0 2.0 NPV of project $154,000 $186,000 $244,000 ($116,000) Which project has the highest profitability index? O A. Project A O B. Project B C. Project C OD. Project D