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Van company is considering a long term investment project called ZIP.ZIP will require an investment...

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Accounting

Van company is considering a long term investment project called ZIP.ZIP will require an investment of $138,335. It will have a useful life of four years and no salvage value. Anual cash inflows would increase by $79,900 and anual cash outflows would increase by $42,000.

Calculate the cash payback period.

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