Question: Northern Specialties just purchased inventory-management computer soft ware at a cost of $1,645,276. Cost savings from the investment over the next six years will produce

Northern Specialties just purchased inventory-management computer soft ware at a cost of $1,645,276. Cost savings from the investment over the next six years will produce the following cash flow stream: $212,455, $292,333, $387,479, $516,345, $645,766, and $618,325. What is the payback period on this investment?

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