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Homework: Chapter 12 Homework (Sp 22) Question 1, E12-21A (similar to) Part 2 of 2 HW Score: 65.71%, 3.29 of 5 points Points: 0.43 of 1 Save Caruso Hardware is adding a new product line that will require an investment of $1.418.000. Managers estimate that this investment will have a 10-year site and generate net cash inflows of $335.000 the first year, $255.000 the second year, and $255,000 each year thereafter 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) Amount to complete recovery yea Projected cash indow in next year ) Payback years Clear all Check answer Help me solve this Video Get more help.