Problem: Mandell, Inc. is evaluating three possible investments in depreciable plant assets. The company uses the straightminusline method of depreciation. The following information is? available: Investment A Investment B Investment C Initial capital investment $ 280 comma 000 $ 220 comma 000 $ 340 comma 000 Estimated useful life 8 years 7 years 10 years Estimated residual value ?$15,000 ?$20,000 ?$30,000 Estimated annual net cash flow for each year $ 52 comma 000 $ 30 comma 000 $ 67 comma 000 Required rate of return ?12% ?12% ?12% Rank the projects as to order of preference if based on the best payback period.