Question: Ace Hardware is adding a new product line that will require an investment of $1,418.000. Managers estimate that this investment will have a 10-year

Ace Hardware is adding a new product line that will require an

Ace Hardware is adding a new product line that will require an investment of $1,418.000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of $320,000 the Srst year, $300,000 the second year, and $260,000 each year thereafter for eight years. Compute the payback period. Round to one decimal place The payback in years is CTTO

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