A small accounting firm is considering the purchase of a computer software package that would greatly reduce the amount

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A Small Accounting Firm Is Considering The Purchase Of A Computer Software Package That Would Greatly Reduce The Amount 1 (39.65 KiB) Viewed 13 times

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 $2000 and this expense will be incurred immediately. The firm estimates that it will save $650 of cash flow at the end of each year beginning in one year for 4 consecutive years, and also save $1788 in year 5. What is the payback on the computer package? Years Because payback is typically defined as an integer (e.g. 3 years and not as 3.74 years), place your answer as an integer.