The Silverside Company is considering investing in two alternative projects: Project 1 Project 2 Investment $400,000 $240,000 Useful life (years) Estimated annual net cash inflows for useful life $110,000 $50,000 Residual value $25,000 $10,000 Depreciation method Straight - line Straight-line Required rate of return 8% 5% 5 What is the payback period for Project 2? O A. 16.00 years OB. 9.60 years O C. 4.80 years OD. 3.64 years