Birch manufacturing is considering the addition of another product line to its offerings. Equipment needed to produce the new line will cost $180,370. Birch estimates that the net cash inflows from the new product line will be as follows: Years 1-10 Years 11-15 Year 16-20 $16,630 (each year) $4.690 (each year) $1,930 (a) Your answer has been saved. See score details after the due date. What is the payback period for the new product line? Payback period 13 years (b) If the company can establish a steady customer base before production starts and the cash inflows will be $15,510 per year for years 1 - 15, what will be the payback period? (Round answer to 2 decimal places, e.g. 1.64.) The payback period years Save for Later