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Suppose Root Valley is deciding whether to purchase new accounting software. The payback for the $26,565 software package is three years, and the software's expected
Suppose Root Valley is deciding whether to purchase new accounting software. The payback for the $26,565 software package is three years, and the software's expected life is six years. Root Valley's required rate of return for this type of project is 9.0%. Assuming equal yearly cash flows, what are the expected annual net cash savings from the new software? Expected annual net cash inflow
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