please help

24) Yates, Inc. is evaluating two possible investments in depreciable plant assets. The company uses t straight-line method of depreciation. The following information is available: Investment A Investment B Initial capital investment Estimated useful life $225,000 $275,000 7 years 8 years Estimated residual value $20,000 $35,000 $15,000 Estimated annual net cash inflow for 10 years Required rate of return $55,000 12% 12% Compute the payback period for each investment. Which would you prefer? Show your calculations and round to one decimal place. (8 points)