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Nakamichi Bancorp has made an investment in banking software at a cost of $1,756,200. Management expects productivity gains and cost savings over the next several

Nakamichi Bancorp has made an investment in banking software at a cost of $1,756,200. Management expects productivity gains and cost savings over the next several years. If, as a result of this investment, the firm is expected to generate additional cash flows of $626,900, $617,600, $449,600, and $332,760 over the next four years, what is the investments payback period?

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