Do It Review 24-1 x Your answer is incorrect. Try again. Wayne Company is considering a long-term investment project called ZIP ZIP will require an investment of $131,000. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,300, and annual cash outflows would increase by $40,000. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.50.) x Cash payback period 2.97 years