What is the payback period for the software

Reference no: EM13213728

An engineering department is considering purchase of an advanced computational fluid dynamics software system to enhance productivity. the initial cost of the software is $55,000 but is expected to result in efficiency savings of $25,000 the first year, with this amount decreasing by $5000 per year thereafter. the payback period for the software is equal to______years.

Reference no: EM13213728

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