Question: Do It Review 24-1 Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $136,000. It will have a

Do It Review 24-1 Wayne Company is considering a long-term investment

Do It Review 24-1 Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $136,000. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,000, and annual cash outflows would increase by $41,900. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.50.) Cash payback period years Click if you would like to Show Work for this question: Open Show Work

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