Caruso Hardware is adding a new product ine that will require an investment of $1,400,000. Managers estimate that this investment will have a 10-year so and generate net cash inflows of $320.000 the first year, $280.000 the second year and $240,000 each year thereafter for eight years. The investment has no residual value. Compute the payback period First enter the formula, then calculate the payback period. (Round your anewer to two decimal places.) Full years Amourt to complete recovery in next year Projected cash flow in next year ya Payback years