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help pls & thx :))))) Payback period Houston Fashions is considering a new product line that would require an investment of $140,000 in fixtures and

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Payback period Houston Fashions is considering a new product line that would require an investment of $140,000 in fixtures and displays and S180,000 in working capital. Store managers expect the following pattern of net cash inflows from the new product line over the life of the investment Year Amount 1 570,000 2 78,000 3 72.000 4 56.000 5 50.000 6 48.000 7 44,000 a. Compute the payback period for the proposed new product line. Note: Round your answer to one decimal point (.e. round 4.555 to 4.6). 0 years b. Houston Fashions requires a four-year pre-tax payback period on its investments. Should the company make this investment based on the results of part (a)? a

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