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Zimmerman Company is considering a long-term investment project called ZC-A. ZC-A will require an investment of $51,604. It will have a useful life of
Zimmerman Company is considering a long-term investment project called ZC-A. ZC-A will require an investment of $51,604. It will have a useful life of 7 years and no salvage value. Annual cash inflows would increase by $29,875, and annual cash outflows would increase by $16,320. Compute the cash payback period. Round answer to 1 decimal place such as 1.2. Cash Payback Period: Years
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
