What is the payback on the computer


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 $1750 and this expense will be incurred immediately. The firm estimates that it will save $550 at the end of each year beginning in one year for 6 consecutive years, and also save $1513 in year 7. What is the payback on the computer package?

___ Years

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

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the payback on the computer
Reference No:- TGS02299880

Expected delivery within 24 Hours