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Root Products is considering acquiring a manufacturing plant. The purchase price is $900,000. The owners believe the plant will generato net cash inflows of $300,000 annually it will have to be replaced in eight years to be profitable, the nvestment's payback period must occur before the investment's replacement dute. Use the payback method to determine whether Root Products should purchase this plant First enter the formula, then calculito the payback period Payback period years Determine whether Root should purchase this plant The payback occurs the plant must be replaced, so the payback method purchasing the plant