The Silverside Company is considering investing in two alternative projects. Project 1 Project 2 Investment $200,000 $260,000 Useful life (years) 4 8 Estimated annual net cash inflows for useful life $50,000 $60,000 Residual value $20,000 $16,000 Depreciation method Straight-line Straight-line Required rate of return 14% 7% What is the payback period for Project 1? O A. 4.33 years OB. 10.00 years O C. 4.44 years O D. 4.00 years