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Oriole Company is considering a long - term investment project called ZIP.ZIP will require an investment of $ 1 4 3 , 2 5 0

Oriole Company is considering a long-term investment project called ZIP.ZIP will require an investment of $143,250. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,000, and annual cash outflows would increase by $41,800. Compute the cash payback period. (Round answer to 2 decimal places, e.g.10.52.) Cash payback period years.

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