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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 $189,520. Birch estimates

Birch manufacturing is considering the addition of another product line to its offerings. Equipment needed to produce the new line will cost $189,520. Birch estimates that the net cash inflows from the new product line will be as follows:
Years 1-10 $17,000 (each year)
Years 11-15 $4,880 (each year)
Year 16-20 $2,060

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(a) What is the payback period for the new product line?
Payback period

years

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