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Hampton Corporation's research and development department is presenting a proposal for new product research. The new product will require research, development, and design investments of $6 million.Sales will begin after four years and will generate an annual discounted net cash flow of $1.5 million starting in year 3. Required: a. Calculate the break even time for the new product. b. what can hampton corporation do to reduce break even time?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9943743

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