E12-19A (similar to) Question Help Caruso Hardware is adding a new product line that will require an investment of $1,460,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $305,000 the first year. $285,000 the second year, and $250,000 each year thereafter for eight years. The investment has no residual value. Compute the payback period. First enter the forta, then calculate the payback period (Round your answer to two decimal places) Payback Choose from any drop-down list and then click Check Answer 1 par Clear All Check Answer remaining Type here to search TT E DIL ON