The Silverside Company is considering investing in two alternative projects: Project 1 Project 2 Investment $400,000 $280,000 Useful life (years) 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 return 10% What is the payback period for Project 1? O A 5.33 years OB. 4.31 years O C. 16.00 years OD. 4.44 years