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Malkind Hardware is adding a new product Ine that will require an investment of $1.512,000. Managers estimate that this inves
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Answer #1

Payback period= 5.12 Year

Year Amount Inflow Cumm Payback
1 $330,000 $330,000
2 $290,000 $620,000
3 $230,000 $850,000
4 $230,000 $1,080,000
5 $230,000 $1,310,000
6 $230,000 $1,540,000
7 $230,000 $1,770,000
8 $230,000 $2,000,000
9 $230,000 $2,230,000
10 $230,000 $2,460,000
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