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A small accounting firm is considering the purchase of a computer software package that would greatly reduce the amount of time needed to prepare tax

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A small accounting firm is considering the purchase of a computer software package that would greatly reduce the amount of time needed to prepare tax forms. The software costs $2350 and this expense will be incurred immediately. The firm estimates that it will save $750 af cash flow at the end of each year beginning in one year for 9 consecutive years, and also save $2063 in year 10. What is the payback on the computer package? Yours Because payback is typically defined as an integer (eg. 3 years and not as 3.74 years), place your answer as an integer

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