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Crane Company is considering a long-term investment project called ZIP ZIP will require an investment of $127.834. It will have a useful life of 4
Crane Company is considering a long-term investment project called ZIP ZIP will require an investment of $127.834. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,000, and annual cash outflows would increase by $40,300. Compute the cash payback period. (Round answer to 2 decimal places, eg. 10.52.) Cash payback period years
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