None Marigold Company is considering a long-term investment project called ZIP.ZIP will require an investment of $130,854. It will have auseful life of 4 years and no salvage value. Annual cash inflows would increase by $79,600, and annual cash outflows would increase by$41,000. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.52.)Cash payback periodyears.

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Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter12: Capital Investment Decisions

Section: Chapter Questions

Problem 21BEA

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