Score: 1.450 Question Help %E12-38B (similar to) Joe's Hardware is adding a new product line that will require an investment of $1470,000. Managers estimate that this investment will have a 10-year ide and generate nel cash flows of $335.000 the first year, $295,000 the second year, and $240.000 each year thereafter for eight yours. The investment has no residual value. Compute the payback period First orter the formula, then calculate the payback period. (Round your answer to two decimal placon.) Amount to complete recovery in next your Projected cash intow lanead your )= Payback years Full yours En ny number in the edited and then click Check And CA Check An All parts showing E Type here to search : bil Esc TE : $ 4 % 5 2 3 6