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(Ignore income taxes in this problem.) The Zinger Corporation is considering an investment that has the following data: Year 1 Year 2 Year 3 Year

(Ignore income taxes in this problem.) The Zinger Corporation is considering an investment that has the following data:

Year 1 Year 2 Year 3 Year 4 Year 5
Investment $13,500 $4,100
Cash inflow $3,100 $3,100 $8,000 $5,100 $5,100

Cash inflows occur evenly throughout the year. The payback period for this investment is: (Round your answer to 1 decimal place)

3 years

3.7 years

4 years

4.7 years

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