First Choice Carpets is considering purchasing new weaving equipment costing $738,000. The company's management has estimated that the equipment will generate cash inflows as follows: $204,000 204,000 270,000 270,000 54,000 Year 1 2 4 Considering the residual value is zero, calculate the payback period. (Round your answer to two decimal places.) O A. 4.65 years OB. 3.22 years O C. 3.38 years O D. 3.68 years