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This Test: 150 pts poss Dragonfly, Inc. is evaluating two possible investments in depreciable plant assets. The company uses the straight -line method of depreciation.

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This Test: 150 pts poss Dragonfly, Inc. is evaluating two possible investments in depreciable plant assets. The company uses the straight -line method of depreciation. The following information is available Initial capital investment Estimated useful life Estimated residual value Investment A InvestmentB 110,000 $157,000 10 years 10 years 0 $30.000 Estimated annual net cash infow for 10 years Required rate of return $29,000 10% $41,000 12% Calculate the payback period for Investment A. (Round your answer to two decimal places.) -A. 3.79 years . 1.00year O C. 2.76 years O D. 2.48 years Click to select your answer 9 3 4

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