Sandhill Company is considering a long-term investment project called ZIP. ZIP will require an investment of $145,875. I

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answerhappygod
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Sandhill Company is considering a long-term investment project called ZIP. ZIP will require an investment of $145,875. I

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Sandhill Company is considering a long-term investment
project called ZIP. ZIP will require an investment of $145,875. It
will have a useful life of 4 years and no salvage value. Annual
cash inflows would increase by $80,800, and annual cash outflows
would increase by $41,900. Compute the cash payback
period. (Round answer to 2 decimal places, e.g.
10.52.)
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