8.466666666666666 milllimetres
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0.015 inch
If you mean 1/16 of an inch then as a decimal it is 0.0625
you've answered your own question here... it is precisely 1/3 of an inch or just under 8.5 mm
7/3 = 2.3333 repeating
0.00394 inches. (25.4 mm is one inch, 0.1/25.4 is about 0.00394)