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Business, 05.05.2020 08:26 babyboo6745

Ace Hardware is adding a new product line that will require an investment of $ 1 comma 418 comma 000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $ 330 comma 000 the first year, $ 290 comma 000 the second year, and $ 230 comma 000 each year thereafter for eight years. Compute the payback period. Round to one decimal place.

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Ace Hardware is adding a new product line that will require an investment of $ 1 comma 418 comma 000...
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