What is the payback period of the new product line

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Question - Blossom Company is going to invest in a new product line. Blossom estimates that the net cash flows from the new line will be $25500 per year. The initial investment required to implement the new line will be $535500. The company requires a rate of return of 8% and the new product line is expected to span a time period of 15 years. What is the payback period of the new product line?

Reference no: EM133063835

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