Question: Please answer question 4. Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $131,166. It will have a

Please answer question 4. Wayne Company is considering a long-term investment project

Please answer question 4.

Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $131,166. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $79,800, and annual cash outflows would increase by $42,000. Compute the cash payback period. - Round answer to 1 decimal place such as 1.2. Cash Payback Period: Years Question 4 7.5 pts Zimmerman Company is considering a long-term investment project called ZC-A. ZC-A will require an investment of $51,604. It will have a useful life of 7 years and no salvage value. Annual cash inflows would increase by $29,875, and annual cash outflows would increase by $16,320. Compute the cash payback period. - Round answer to 1 decimal place such as 1.2. Cash Payback Period: Years

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