Current Attempt in Progress Birch manufacturing is considering the addition of another product line to its offerings. Equipment needed to produce the new line will cost $187,260. Birch estimates that the net cash inflows from the new product line will be as follows: Years 1-10 Years 11-15 Year 16-20 $16,890 (each year) $4,590 (each year) $2,160 Your answer has been saved. See score details after the due date. What is the payback period for the new product line? 14 years Payback period Attempts: 1 of 1 used If the company can establish a steady customer base before production starts and the cash inflows will be $14,010 per year for years 1 - 15, what will be the payback period? (Round answer to 2 decimal places, e.g. 1.64.) years The payback period Save for Later Attempts: 0 of 1 used Submit