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Compute the payback period for malkind hardware

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Reference no: EM132577682

Question 1: Malkind 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, $290,000 the second? year, and $240,000 each year thereafter for eight years. Compute the payback period. Round to one decimal place.

Reference no: EM132577682

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Compute the payback period for malkind hardware : $300,000 the first? year, $290,000 the second? year, and $240,000 each year thereafter for eight years. Compute the payback period. Round to one decimal place.
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