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Sweet Acacia Company is considering a long-term investment project called ZIP. ZIP will require an investment of $145,875. It will have a useful life of
Sweet Acacia Company is considering a long-term investment project called ZIP. ZIP will require an investment of $145,875. It will have a useful life of four years and no salvage value. Annual cash inflows would increase by $80,800, and annual cash outflows would increase by $41,900. Calculate the cash payback period. (Round answer to 2 decimal places, e.g. 10.50.) years eTextbook and Media
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
978-1259536359
