Business, 05.05.2020 07:27 vickiw

Gibson Hardware is adding a new product line that will require an investment of $ 1 comma 520 comma 000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $ 325 comma 000 the first year, $ 270 comma 000 the second year, and $ 235 comma 000 each year thereafter for eight years. The investment has no residual value. Compute the payback period. First enter the formula, then calculate the payback period. (Round your answer to two decimal places.) ▼ + ( / ) = Payback

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Gibson Hardware is adding a new product line that will require an investment of $ 1 comma 520 comma...

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