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Sandhill Company is considering a long-term investment project called ZIP. ZIP will require an investment of $143,930. It will have a useful life of 4

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Sandhill Company is considering a long-term investment project called ZIP. ZIP will require an investment of \$143,930. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $79,800, and annual cash outflows would increase by $40,900. Compute the cash payback period. (Round onswer to 2 decimal places es. 10.52.) Cashpaybackperiod years

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