The Silverside Company is considering investing in two alternative projects: Project 1 Project 2 Investment $400,000 $280,000 Useful life (years) 5 5 Estimated annual net cash inflows for useful life $90,000 $65,000 Residual value $25,000 $12,000 Depreciation method Straight-line Straight-line Required rate of retum 10% 6% What is the payback period for Project 1? If payback is used to decide which project should they cha OA. 4. 17 years and choose Project 2 OB. 4.44 years and choose Project 2 OC. 16 years and choose Project 1 O D. 4.44 years and choose Project 1