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HESSACE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BA
Wayne Company is considering a long-term investment project called ZIR ZIP. It will require an investment of $125,000. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $79,400, and annual cash outflows would increase by $40,500. Compute the cash payback period. Round the answer to 2 decimal places, e.g. 10.50 Cash payback period years
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