Payback: Northern Specialties just purchased inventory-management computer software at a cost of $1,645,276. Cost savings from the

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Payback: Northern Specialties just purchased inventory-management computer software at a cost of $1,645,276. Cost savings from the investment over the next six years will produce the following cash flow stream: $212,455, $292,333, $387,479,

$516,345, $645,766, and $618,325. What is the payback period on this investment?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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