THIS IS THE FOURTH TIME POSTING THIS. READ THE QUESTION CAREFULLY, IT IS ASKING FOR ECONOMIC LIFE IN YEARS.

Navarre Energy Research specializes in developing and commercializing new products. It is organized into fwo divisions, which ate based on the products they produce. Canal Division is smaller, and the lives of the products it produces tend to be shorter than those produced by the larger Lake Division. Selected financial data for the past year are shown in the following table: Divisional investment is as of the beginning of the year. Navarre uses a(n) 8 percent cost of capital and beginning-of the year investment when computing ROI and residual income. Ignore income taxes. R\&D is assumed to have a three-year life in Canal Division and an eight-year life in Lake Division. All R\&D expenditures are spent at the beginning of the year Assume there are no current liabilities and (unrealistically) that no R\&D investments had taken place before this year The manager of the Canal Division complains that the calculation of EVA is unfair because a much longer life is assumed for the Lake Division in calculating EVA. The manager of Lake Division responds that EVA is supposed to reflect economic reality and that the reality is that R\&D investments in Lake Division do have a longer life. Required: 0. Assume that the economic life of R\&D imvestments is three years in the Canal Division. What economic life would the R8D investments in the Lake Division have to make EVA in the two divisions equal? Note: Do not round intermediate calculations. Round final answer to 1 decimel place