Question: I need help entering the correct formula in the blanks please E12-19A (similar to) EWUSUT Fielding Hardware is adding a new product line that will
I need help entering the correct formula in the blanks please
E12-19A (similar to) EWUSUT Fielding Hardware is adding a new product line that will require an investment of $1,550,000. Managers estimate that this investment will have a 10-year Ife and generate nel cash inflows of $315,000 the first year, 5295,000 the second year, and $255,000 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 Choose from any drop-down list and then click Check Answer. 1 part remaining Clear All Check
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