Sikes Hardware is adding a new product line that will require an investment of $1, 418,000.Managers estimate that this investment will have a 10-year life and generate net cash inflows of $300,000 the first year, $290,000 the second year, and $250,000 each year thereafter for eight years. Compute the payback period. Round to one decimal place. The payback is years. Malkind Hardware is 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 generate net cash inflows of $330,000 the first year, $290,000 the second year, and $260,000 each year thereafter for eight years. Assume the project has no residual value. Compute the ARR for the investment Round to two places. Select the formula, then enter the amounts to calculate the ARR(accounting rate of return) for the new product line. (Round ARR to the nearest hundredth percent two decimal places], XXX%) Amy wants to take the next five years off work to travel around the world. She estimates her annual cash needs at$29,000 (if she needs more, she will work odd jobs). Amy believes she can invest her savings at 10% until she depletes her funds. Requirements 1. How much money does Amy need now to fund her travels? 2. After speaking with a number of banks, Amy learns she will only be able to invest her funds at 6%. How much does she need now to fund her travels? Requirement 1. How much money does Amy need now to fund her travels? (Round your answer to the nearest whole dollar) With the 10% interest rate, Amy needs $