Caruso Hardware is adding a new product line that will require an investment of $ $1$ comma $470$ comma $000$$$1,470,000.$ Managers estimate that this investment will have a$10-$year life and generate net cash inflows of $ $325$ comma $000$$$325,000$ the first$$ year, $ $300$ comma $000$$$300,000$ the second$$ year, and $ $235$ comma $000$$$235,000$ each year thereafter for eight years. The investment has no residual value. Compute the payback period.