WE 12-19A (similar to) Question Help Robinson Hardware is adding a new product line that will require an investment of $1,550 000 Managers estimate that this investment will have a 10-year life and generate net cash inflows of $33015 000 the first year, $295,000 the second year and $235.000 each year thereafler for eight years. The investment has no residual value. Compute the payback period. First enter the formula, then calculate the payback period. (Round your answer to two decimal places) Full years I Amount to complete recovery in next year Projected cash intiow in next year ) - Payback