Fielding Hardware is adding a new product line that will require an investment of $1,550,000. Managers estimate that this investment will have a 10-year life and generate net cash inflows of
year for years.
no value.
year,
First enter the formula, then calculate the payback period. (Round your answer to two decimal places)
Full years
+( Amount to complete recovery in next year . Projected cash inflow in next year) Payback
+(
years
