Question: Robinson Hardware in adding a new product line that will require an investment of $1 476,000. Managers estimate that this investment will have a 10-year

Robinson Hardware in adding a new product line that will require an investment of $1 476,000. Managers estimate that this investment will have a 10-year life and generale not conth inflows of $330 000 the fint your, 5270,000 the second year and $240,000 each year theater for tight years. Compute the payback period Round to one decimal place The payback in years is

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