Question: Strobel Company is considering a long-term investment project called A-9. A-9 will require an investment of $224,548. It will have a useful life of 7

Strobel Company is considering a long-term investment project called A-9. A-9 will require an investment of $224,548. It will have a useful life of 7 years and no salvage value. Annual cash inflows would increase by $103,700, and annual cash outflows would increase by $72,950. Compute the cash payback period.

Round answer to 1 decimal place such as 1.2.
Cash Payback Period: Years

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