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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
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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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith
7th edition
1118983270, 978-1119175025, 111917502X, 978-1119175001, 978-1118983270
