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The firm is evaluating their disbursements. Each check costs $ 1.22 while an ACH only costs $ 0.12. It would cost $13,000 to fully switch

The firm is evaluating their disbursements.  Each check costs $ 1.22 while an ACH only costs $ 0.12.  It would cost $13,000 to fully switch from checks to ACH-based disbursements.  The opportunity cost of funds is 10 percent.  


Assume that the firm will remain a going concern in perpetuity.


What is the number of payments which results in an NPV of 0?

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