Question: Crane Specialties just purchased inventory-management computer software at a cost of $1,475,950. Cost savings from the investment over the next six years will produce the

Crane Specialties just purchased inventory-management computer software at a cost of $1,475,950. Cost savings from the investment over the next six years will produce the following cash flow stream: $223,340, $262,240, $355,600, $564,250, $746,320, and $740,740. What is the payback period on this investment? (Round answer to 2 decimal places,e.g. 15.25.)

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