Ivanhoe Company is considering a long-term investment project called ZIP. ZIP will require an investment...
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Accounting
Ivanhoe Company is considering a long-term investment project called ZIP. ZIP will require an investment of $ 140,970. 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 $ 41,700. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.52.)
Cash payback period
enter the cash payback period in years rounded to 2 decimal places years.
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