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Nakamichi Bancorp has made an investment in banking software at a cost of $1, 658, 250. Management expects productivity gains and cost savings over the next several years. If, as a result of this investment, the firm is expected to generate additional cash flow of $576, 774, $698, 013, $459, 184, and $335, 620 over the next four years, what is the investment's payback period? (Round answer to 2 decimal places, e.g. 15.25.)
Payback period is years.
Rogue Industries reported the following items for the current year: Sales = $6,000,000; Cost of Goods Sold = $3,000,000; Depreciation Expense = $270,000; Administrative Expenses = $290,000; Interest Expense = $60,000; Marketing Expenses = $60,000; an..
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