Question
Inland Company is considering a long-term investment project called ZIP. ZIP will require an investment of $124,480. It will have a useful life of 4
Inland Company is considering a long-term investment project called ZIP. ZIP will require an investment of $124,480. 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 $40,500. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.52.) years.
- Cash payback period:
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ISE Business Accounting
Authors: Frank Wood, Alan Sangster
8th Edition
0273638408, 9780273638407
