A movie studio invested $59 million to produce a film. This budget was exhausted in the first year, before the film was completed. It cost an additional $15 million in the second year to complete the film. The film generated net returns of $40 million in the third year, $24 million in the fourth year, and went on to generate net returns of $3 million every year from the fifth year for five years. What is the payback period on the film project? Determine whether the film project satisfies the studio's eight-year payback rule