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Gbson Hardware is adding a new product line that wil require an investment of $1.470 000 Managers estmate that this investment will have a 10-year
Gbson Hardware is adding a new product line that wil require an investment of $1.470 000 Managers estmate that this investment will have a 10-year life and generate net cash inflows of $305,000 the frst year $296 000 the second year and $255,000 each year thercafter for eght years. The investment has no residual value. Compute the payback period First enter the formula, then cakculate the payback period Round vour answer to two decimai places) Full yearsAmount to complete recovery nnex yearrtProjected cash nfow n next year)Payback ears
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