Prinz Eugen fired first broadside of 4+4 guns in 3-4 seconds (from first muzzle flash of the first gun to last muzzle flash of the last gun), therefore time of flight (considering first muzzle flash as t0) would be t0+36 seconds for first gun, and t0+36+4seconds for last gun. (1)
Bismarck fired first broadside of 4+4 guns in 3-4 seconds (same methodology), therefore time of flight woulb be t1+32seconds for first gun and t1+32seconds+4seconds for last gun. (2)
From (1) and (2), you see that t1 and t0 can be 8 seconds apart (i.e. Prinz Eugen starting to fire at 5:55:30 and Bismarck starting to fire at 5:55:38), and still Bismarck's broadside can still interfere with Prinz Eugen's broadisde (in terms of spotting the water columns). (3)
The water columns themselves, contrary to what I expected, had a very long lifetime of approx 5 seconds (considering reaching and keeping max height), and of approx 10-12seconds* (considering lifetime from initial waterspout errupting into the air and up to the final spout falling back into the sea) (4)
From (3) and (4), you see that Bismarck's broadside could have been fired up to 18 seconds AFTER Prinz Eugen's broadside, and her errupting waterspouts still hindering Jasper's observation of own (Prinz Eugen) fall of shot.
* I thought they existed for 2-3seconds max, but watching the Prinz Eugen film 2:45 - 2:55, we clearly see a shot from Prince of Wales producing a 10 seconds waterspout+several seconds of sea spray remaining above the place where the shell fell. https://www.youtube.com/watch?v=hU76vVM6lWY