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Birch manufacturing is considering the addition of another product line to its offerings. Equipment needed to produce the new line will cost $209,400. Birch estimates

Birch manufacturing is considering the addition of another product line to its offerings. Equipment needed to produce the new line will cost $209,400. Birch estimates that the net cash inflows from the new product line will be as follows:

Years 1-10 $18,270 (each year)
Years 11-15 $5,340 (each year)
Year 16-20 $1,930

What is the payback period for the new product line?

Payback period years

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