5 pts Question 26 Oasis Corporation is considering introducing a new product line. The investment required would be $1,100,000 and there would be no salvage value for the equipment. The increase in cash flows is expected to be: Year 1 $370,000 Year 2 $420,000 Year 3 $440,000 Year 4 $440,000 Year 5 $450,000 What is the expected payback period? 5 years 3 years 1.6 years 2.7 years