kB- Question 3, EM9-20 (similar to) > HW Score: 10.32%, 3.71 of 36 points O Points:...

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kB- Question 3, EM9-20 (similar to) > HW Score: 10.32%, 3.71 of 36 points O Points: 0 of 4 Save Roberts Hardware is adding a new product line that will require an investment of $1,512,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $330,000 the first year, $280,000 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 is kB- Question 3, EM9-20 (similar to) > HW Score: 10.32%, 3.71 of 36 points O Points: 0 of 4 Save Roberts Hardware is adding a new product line that will require an investment of $1,512,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $330,000 the first year, $280,000 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 is