Chapter 11 Homework Question 2, EM11-20 (book/static) HW Score: 12%, 3 of 25 poin O Points: 0 of 2 BAVY Herry Hardware is adding a new product ine that will requre an investment of $1,512,000 Managers estimate that the investment will have a 10 year ate and generate net cash inflows of $310 00 the styr RLAN the second year and $240 000 each year theater for eight years Compute the payback penod Round to one decimal place The payback in years is