Fast Foto bought a new high-speed photo copier to offer customers the opportunity to make high-quality copies out of their digital pictures, its useful life is 7 years. The copier costs $7,710 and will generate annual cash inflows of $3,110 in the fost year. $2,550 the second year, and $2,160 every year after. The residual value of the copier is $1.250. The payback period in years is closest to 248 years 201 years 2.95 years 6.17 years