Compute the payback period

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Question - Sikes Hardware is adding a new product line that will require an investment of $1,512,000. Managers estimate that this investment will have a? 10-year life and generate net cash inflows of$300,000 the first? year, $280,000 the second? year, and $240,000 each year thereafter for eight years. Compute the payback period. Round to one decimal place.

Reference no: EM133155753

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