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Ace Hardware is adding a new product line that will requre an investment of $1,476,000....

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Accounting

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Ace Hardware is adding a new product line that will requre an investment of $1,476,000. Managers estimate that this inwostment will fave a 10 -year Moc and generato net cash inflows of $330.000 the first year, $300.000 the second year, and $260.000 each yoar therealier for eight years. Compulo the paybock period. Round to one decimal place. Ace Hardware is adding a new product line that will requre an investment of $1,476,000. Managers estimate that this inwostment will fave a 10 -year Moc and generato net cash inflows of $330.000 the first year, $300.000 the second year, and $260.000 each yoar therealier for eight years. Compulo the paybock period. Round to one decimal place

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