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Chapter 26 Score: 0 of 4 pts E26-20 (similar to) 12 of 25 (24 complete) Save HW Score: 82.19%, 82.19 of 100 pts Question Help

Chapter 26 Score: 0 of 4 pts E26-20 (similar to) 12 of 25 (24 complete) Save HW Score: 82.19%, 82.19 of 100 pts Question Help Roberts Hardware is adding a new product line that will require an investment of $1,454,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $330,000 the first year, $290,000 the second year, and $230,000 each year thereafter for eight years. Compute the payback period. Round to one decimal place. The payback in years isimage text in transcribed

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