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Ace Hardware is adding a new product line that will require an investment of $ 1 , 4 7 6 , 0 0 0 .
Ace Hardware is adding a new product line that will require an investment of $ Managers estimate that this investment will have a year life and generate net cash inflows of $ the first year, $ the second year, and $ each year thereafter for eight years. Compute the payback period. Round to one decimal place.
The payback in years is
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