26. Bemidji Corporation is considering adding another machine for the manufacture of corrugated cardboard. The machine would cost $900,000. It would have an estimated life of 6 years and no salvage value. The company estimates that annual net cash inflows would increase by $400,000 and that annual cash outflows would increase by $190,000. The cash payback period is _____.

A. less than 3 years

B. more than 3 years but less than 4 years

C. more than 4 years but less than 5 years

D. more than 5 years but less than 6 years E. none of the above