Current Attempt in Progress

Sheridan Company is considering a long$-$term investment project called ZIP. ZIP will require an investment of $$128,050.$ It will have a useful life of $4$ years and no salvage value. Annual cash inflows would increase by $$79,400,$ and annual cash outflows would increase by $$40,000.$ Compute the cash payback period. $($Round answer to $2$ decimal places, e$.$g$.10\mathrm{.}52.)$

Cash payback period $$ years.

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