The Zinger Corporation is considering an investment that has the following data: Year 1 Year 2 Year

The Zinger Corporation is considering an investment that has the following data:

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Year 1 Year 2 Year 3 Year 4 Year 5 Investment $12,500 $3,900 Cash inflow $2,900 $2,900 $9,500 $4,900 $4,900 Cash inflows occur evenly throughout the year. The payback period for this investment is: (Round your answer to 1 decimal place) O 3.2 years O 4.2 years O 3 years 4 years Year 1 Year 2 Year 3 Year 4 Year 5 Investment $12,500 $3,900 Cash inflow $2,900 $2,900 $9,500 $4,900 $4,900 Cash inflows occur evenly throughout the year. The payback period for this investment is: (Round your answer to 1 decimal place) O 3.2 years O 4.2 years O 3 years 4 years

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