Wayne Company is considering a long-term investment project
Do It Review 12-1 Wayne Company is considering a long-term investment project called ZIP. ZIP will require an investment of $145,000. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,600, and annual cash outflows would increase by $41,300. Compute the cash payback period. (Round answer to 2 decimal places, e.g. 10.50.)Cash payback periodyears.