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Roberts Hardware is adding a new product line that will require an investment of $1,454,000 Managers estimate that this investment will have a 10-year

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Roberts Hardware is adding a new product line that will require an investment of $1,454,000 Managers estimate that this investment will have a 10-year life and generate net cash andown of $320,000 the sty $280,000 the second year, and $240.000 each year thereafter for eight years Compute the payback period. Round to one decimal place The payback in years is

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