Having difficulties solving this, as I do not know what years to compile. i know it is supposed to be initial investment - amount recovered at the end of ___ years = amount to complete recovery in next year. However, I do not know how many years. The practice problem said it would be payback occurring after 5 years but before six years, then they made a table.

Turner Hardware is adding a new product line that will require an investment of $1,520,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $335,000 the first year, $265,000 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 formula, then calculate the payback period. (Round your answer to two decimal places.) Full years ( Amount to complete recovery in next year / Projected cash inflow in next year ) = Payback + ( 1) = years