Question: help asap please EQuestion Help E12-19A (similar to Robinson Hardware is adding a new product line that will require an investment of $1,510,000 Managers estimate
EQuestion Help E12-19A (similar to Robinson 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 $325,000 the irst yoar,$280,00 the second yoar, and $235,000 each yoar thereafer 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 Full yearsAmount to complete recovery in next year Projected cash inflow in next year-Payback years
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