Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $131,166. It will have a useful life of 4
Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $131,166. 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 $42,000. Compute the cash payback period. Round answer to 1 decimal place such as 1.2. Cash Payback Period: Years
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