pters M10&M11 K Question 9, EM11-20 (similar to) HW Score: 58.61%, 7.62 of 13 points The payback in years is Points: 0 of 1 Save Raas 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 $310,000 the first year, $270,000 the second year, and $260,000 each year thereafter for eight years. Compute the payback period. Round to one decimal place. brre 1.10. /1) (0.2

Raas 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 $310,000 the first year, $270,000 the second year, and $260,000 each year thereafter for eight years. Compute the payback penod. Round to one decimal place The payback in years is