ABC Company is adding a new product line that will require an investment of $1,500,000. The product line is estimated to generate cash inflows of $300,000 the first year, $250,000 the second year, and $200,000 each year thereafter for ten more years. What is the payback period? Group of answer choices none of the answers given are correct 6 years 6.75 years 5.25 years Bryant Company has obtained the following data about a possible planned investment: Cost $270,000 Terminal salvage value in 8 years $10,000 Additional annual cash revenues for 8 years $250,000 Additional annual cash expenses for 8 years $200,000 Estimated useful life in years The company uses straight-line depreciation method. Compute the payback period. Group of answer choices 1.08 years 5.4 years 1.35 years 3.27 years 8 English (United States) Il 0 W A . G