The Silverside Company is considering investing in two alternative projects Project 1 $500,000 Project 2 S280,000 Investment Useful life (years) Estimated annual net cash inflows for useful life Residual value Depreciation method Required rate of return $130,000 $32,000 Straight-line 13% $65,000 $12,000 Straight - line 5% What is the payback period for Project 1? O A. 8.55 years B. 4.31 years O c. 3.85 years O D. 15.63 years