Question 27 Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $1

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Question 27 Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $1

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Question 27
Wayne Company is considering a long-term investment project
called ZIP. ZIP will require an investment of $137,902. It will
have a useful life of 4 years and no salvage value. Annual cash
inflows would increase by $79,500, and annual cash outflows would
increase by $41,300. Compute the cash payback
period. (Round answer to 2 decimal places, e.g.
10.52.)
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