A small accounting firm is considering the purchase of a


A small accounting firm is considering the purchase of a computer software package that would greatly reduce the amount of time needed to prepare tax forms. The software costs $1600 and this expense will be incurred immediately. The firm estimates that it will save $525 at the end of each year beginning in one year for 9 consecutive years, and also save $1444 in year 10. What is the payback on the computer package?

Place your answer as an integer that stands for number of years.

Request for Solution File

Ask an Expert for Answer!!
Financial Management: A small accounting firm is considering the purchase of a
Reference No:- TGS02299848

Expected delivery within 24 Hours