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Wallowa Company is considering a long-term investment project called ZIP. ZIP will require an investment of $116,600. It will have a useful life of 4

Wallowa Company is considering a long-term investment project called ZIP. ZIP will require an investment of $116,600. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $79,280, and annual cash outflows would increase by $40,130. Compute the cash payback period.

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