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Payback Period Sheffield Specialties just purchased inventory-management computer software at a cost of $2,025,335. Cost savings from the investment over the next 6 years will
Payback Period Sheffield Specialties just purchased inventory-management computer software at a cost of $2,025,335. Cost savings from the investment over the next 6 years will be reflected in the following cash flow stream: $218,128, $293,502, $475,940, $510,510, $533,596, and $505,481. What is the payback period on this investment?
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