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Crane Bancorp has made an investment in banking software at a cost of $1,866,200. If management expects productivity gains and cost savings to generate
Crane Bancorp has made an investment in banking software at a cost of $1,866,200. If management expects productivity gains and cost savings to generate additional cash flows of $566,900, $717,600, $529,600, and $352,760 over the next four years, what is the investment's payback period? (Round answer to 2 decimal places, e.g. 15.25.) Payback period is years
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