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Northern Specialties just purchased inventory-management computer software at a cost of $1,241,950. Cost savings from the investment over the next six years will produce the
Northern Specialties just purchased inventory-management computer software at a cost of $1,241,950. Cost savings from the investment over the next six years will produce the following cash flow stream: $146,340, $263,240, $296,600, $526,250, $720,320, and $565,740. What is the payback period on this investment? (Round answer to 2 decimal places, e.g. 15.25.) Payback period is years Click if you would like to Show Work for this question: Open Show Work
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