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Joey's Tax Service prepares returns for individuals and small businesses in the Lexington, Kentucky area. Joey employs four people in his tax practice. Currently,

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Joey's Tax Service prepares returns for individuals and small businesses in the Lexington, Kentucky area. Joey employs four people in his tax practice. Currently, all tax returns are prepared on a manual basis. Joey is considering purchasing a computer system that would allow the firm to service all its existing clients with the use of only three employees. To evaluate the feasibility of the computerized system, Joey has gathered the following information: Initial cost of the hardware and software $50,000

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