The following details are provided by a manufacturing? company:

	Product line
Investment	$ 1 comma 130 comma 000$1,130,000
Useful life	1414 years
Estimated annual net cash inflows for first year	$ 440 comma 000$440,000
Estimated annual net cash inflows for second year	$ 380 comma 000$380,000
Estimated annual net cash inflows for next ten years	$ 380 comma 000$380,000
Residual value	$ 70 comma 000$70,000
Depreciation method	Straightminus?line
Required rate of return	15?%

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

A.

2.57

years

B.

2.87

years

C.

2.65

years

D.

2.82

years