Question
Wildhorse Company is considering a long-term investment project called ZIP. ZIP will require an investment of $135,255. It will have a useful life of 4
Wildhorse Company is considering a long-term investment project called ZIP. ZIP will require an investment of $135,255. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,000, and annual cash outflows would increase by $41,900. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.52.)
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Core Concepts Of Accounting Information Systems
Authors: Nancy A. Bagranoff, Mark G. Simkin, Carolyn Strand Norman
11th Edition
9780470507025, 0470507020
