The following details are provided by a manufacturing company: Product line $1,150,000 Investment Useful life 15 years $400,000 Estimated annual net cash inflows for first year Estimated annual net cash inflows for second year $420,000 Estimated annual net cash inflows for next ten years $400,000 Residual value $70,000 Straight line Depreciation method Required rate of return 14% Calculate the payback period for the investment. (Round your answer to two decimal places.) A. 2.88 years O B. 2.48 years O C. 2.83 years O D. 2.70 years