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Jackson Hardware is adding a new product line that that will require an investment of $1, 451.000. Managers estimate that this investment will have a

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Jackson Hardware is adding a new product line that that will require an investment of $1, 451.000. Managers estimate that this investment will have a 10 year life and generate net cash inflows of $300,000 the first year, $270,000 the and $260,000 each year thereafter for eight years. Assume the project has no residual value. Requirements: Compute the payback period Compute the ARR for the investment

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