Question
Blossom Company is considering a long-term investment project called ZIP. ZIP will require an investment of $132,940. It will have a useful life of
Blossom Company is considering a long-term investment project called ZIP. ZIP will require an investment of $132,940. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,600, and annual cash outflows would increase by $41,500. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.52.) Cash payback period years.
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Calculus Early Transcendentals
Authors: William L. Briggs, Lyle Cochran, Bernard Gillett
2nd edition
978-0321947345
