Question 8 of 10 .../10 E Sheridan manufacturing is considering the addition of another product line to its offerings. Equipment needed to produce the new line will cost $228,000. Sheridan estimates that the net annual cash inflows from the new product line will be as follows: $20,520 Years 1-10 Years 11-15 Year 16-20 $5,700 $2,280 (a) Your answer has been saved. See score details after the due date. What is the payback period for the new product line? (Round answers to decimal places, 68.25.) Dabad Duced 22 Payback Period 228000 years e Textbook and Media Attempts: 1 of 1 (b) If the company can establish a steady customer base before production starts and the cash inflows will be $17,520 per year for years 1 - 15, with years 16 through 20 remaining at $2,280 annually, what will be the payback period? (Round answers to 2 decir places, eg. 25.75.) Payback Period years e Textbook and Media