Question 27 Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $1
Posted: Thu May 19, 2022 2:49 pm
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.)
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.)