Northern specialties just purchased inventory-management, Financial Management

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Northern specialties just purchased inventory-management

Northern Specialties just purchased inventory-management computer software at a cost of $1,518,950. Cost savings from the investment over the next six years will produce the following cash flow stream: $181,340, $326,240, $332,600, $587,250, $802,320, and $687,740. What is the payback period on this investment?

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Financial Management: Northern specialties just purchased inventory-management

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Financial Management: Northern specialties just purchased inventory-management

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