Question: Robinson Hardware is adding a new product line that wal require an investment of $1,510,000. Manogers estimate that this invostment will have a 10-yoar lfe

Robinson Hardware is adding a new product line that wal require an investment of \$1,510,000. Manogers estimate that this invostment will have a 10-yoar lfe and generate net cash infioms of 5935,000 the firet year, $300,000 the socond your, and $245,000 each year thereafter for elght years. The investmert has no residual volue Compute the payback period

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