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A production company is considering purchase of an advanced inventory system software to enhance productivity. The initial cost of the software is $250,000 but is
A production company is considering purchase of an advanced inventory system software to enhance productivity. The initial cost of the software is $250,000 but is expected to result in efficiency savings of $70,000 the first year, with this amount decreasing by $10,000 per year thereafter. Assume that MARR is 8% and the total life of the software is 8 years. What is the payback period for the software? * CFD for the whole project required. Enter your answer as 123
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