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Nakamichi Bancorp has made an investment in banking software at a cost of $1,833,563. Management expects productivity gains and cost savings over the next several
Nakamichi Bancorp has made an investment in banking software at a cost of $1,833,563. 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 $600,867, $706,929, $423,481, and $356,048 over the next four years, what is the investments payback period?
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