Caruso Hardware is adding a new product line that will require an investment of $1,500,000. Managers estimate that this investment will have a 10-year Me and $235,000 each year thereafter for eight years. The investment has no residual value. Compute the payback period cash inflows of $305,000 the first year, $270,000 the second year, and First enter the formula, then calculate the payback period. (Round your answer to two decimal places.) )- Payback