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Suppose Hunter Valley is deciding whether to purchase new accounting software. The payback for the $ 3 0 , 0 5 0 software package is

Suppose Hunter Valley is deciding whether to purchase new accounting software. The payback for the $30,050 software package is two years, and the software's expected life is three years. Hunter Valley's required rate of return for this type of projec is 10.0%. Assuming equal yearly cash flows, what are the expected annual net cash savings from the new software?
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