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Sierra Company is considering a long-term investment project called ZIP. ZIP will require an investment of $130,680. It wil have a useful life of four

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Sierra Company is considering a long-term investment project called ZIP. ZIP will require an investment of $130,680. It wil have a useful life of four years and no salvage value. Annual cash inflows would increase by $80,500, and annual cash outflows would increase by $40o,900. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 10.5o.) Cash payback period years

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