Payback period of project-zion manufacturing co

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Zion Manufacturing Co. is considering a new inventory system that will cost $450,000. The system is expected to generate -$50,000 (negative) in year one, $315,000 in year two, $110,000 in year three, and $150,000 in year four. Zion's required rate of return is 10%. What is the payback period of this project?

Reference no: EM132595111

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