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Compute the cash payback period

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Question - Wallowa Company is considering a long-term investment project called ZIP. ZIP will require an investment of $119,200. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $79,240, and annual cash outflows would increase by $40,500. Compute the cash payback period.

Reference no: EM132082178

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