Question: Oriole Specialties just purchased inventory-management computer software at a cost of $1,578,950. Cost savings from the investment over the next six years will produce the

Oriole Specialties just purchased inventory-management computer software at a cost of $1,578,950. Cost savings from the investment over the next six years will produce the following cash flow stream: $232,340, $337,240, $319,600, $598,250, $805,320, and $647,740. What is the payback period on this investment? (Round answer to 2 decimal places,e.g. 15.25.)

Payback period is

enter a number of years for the payback period rounded to 2 decimal places

years

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