Please Assist A Company Is Deciding Whether To Purchase New Accounting Software

Please assist. A company is deciding whether to purchase new accounting software. The payback for the $30,050 software package is five years, and the software’s expected life is seven years. Sten back Valley’ s required rate of return for this type of project is 9.0%. Assuming equal yearly cash flows, I need help determining the expected annual net cash savings from the new software.

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