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Cullumber Company is considering a long-term investment project called ZIP.ZIP will require an investment of $131,240. It will have a useful life of 4

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Cullumber Company is considering a long-term investment project called ZIP.ZIP will require an investment of $131,240. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $79,600, and annual cash outflows would increase by $41,000. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.52.) Cash payback period years. eTextbook and Media Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 3 Attempts: 0 of 5 used Submit Answer

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