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Suppose White Valley is deciding whether to purchase new accounting software. The payback period for the $27,375 software package is five years, and the softwares

Suppose White Valley is deciding whether to purchase new accounting software. The payback period for the $27,375 software package is five years, and the softwares expected life is three years. White Valleys required rate of return is 12.0%.

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Assuming equal yearly cash flows, what are the expected annual cash savings from the new software?

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