Company outdated inventory-management software

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Reference no: EM131938634

Parker Office Supplies management is considering replacing the company’s outdated inventory-management software. The cost of the new software will be $168,000. Cost savings are expected to be $43,500 for each of the first three years and then drop to $36,875 for the following two years.

What is the payback period for this project? (Round answer to 2 decimal places,e.g. 15.25.)

Payback period years

Reference no: EM131938634

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