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Pharoah manufacturing is considering the addition of another product line to its offerings. Equipment needed to produce the new line will cost $224,000. Pharoah estimates

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Pharoah manufacturing is considering the addition of another product line to its offerings. Equipment needed to produce the new line will cost $224,000. Pharoah estimates that the net annual cash inflows from the new product line will be as follows: Years 1-10 $20,160 Years 11-15 $5,600 Year 16-20 $2,240 (a) What is the payback period for the new product line? (Round answers to 0 decimal places, e.g. 25.) Payback Period years Save for Later Attempts: 0 of 1 used Submit

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