estion list K Robinson Hardware is adding a new product line that will require an investment of $1,540,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $330,000 the first year, $300,000 the second year, and $250,000 each year thereafter for eight years. The investment has no residual value. Compute the payback period. Question 1 First enter the formula, then calculate the payback period. (Round your answer to two decimal places.) Question 2 Question 3 Question 4 Question 5 Question 6 Question 7