Fielding Hardware is adding a new product line that will require an investment of $1,470,000.

Managers estimate that this investment will have a 10-year life and generate net cash inflows of $320,000

the first year, $280,000 the second year, and $250,000 each year thereafter for eight years. The investment has no residual value. Compute the payback period.

_____________+(______________________/__________________)= Payback

1. Commute the payback period,

2.Commute the ARR for the investment.