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Wildhorse Company is considering a long-term investment project called ZIP. ZIP will require an investment of $132,940. It will have a useful life of four

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Wildhorse Company is considering a long-term investment project called ZIP. ZIP will require an investment of $132,940. It will have a useful life of four years and no salvage value. Annual cash inflows would increase by $80,600, and annual cash outflows would increase by $41,500 Calculate the cash payback period. (Round answer to 2 decimal places, eg. 10.50.) Cash payback period years

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