Blue Mountain Hardware is adding a new product line that will require an investment of $1,510,000....

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Blue Mountain Hardware is adding a new product line that will require an investment of $1,510,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $285,000 the first year, $260,000 the second year, and $230,000 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 Blue Mountain Hardware is adding a new product line that will require an investment of $1,510,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $285,000 the first year, $260,000 the second year, and $230,000 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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The payback period is the time it takes for an investment to generate an amount of income or cash eq... View the full answer