Bellamy Company is considering the purchase of a computerized manufacturing system. The after-tax cash benefits/savings associated with the system are as follows: 
The system will cost $9,000,000 and will last ten years. The company's cost of capital is 12 percent.
What is the payback period for the computerized manufacturing system?
Definitions:
Innate Tendency
Inborn or natural behaviors and characteristics that are genetically programmed, not learned from experience.
Rooting And Sucking
Rooting and sucking are innate reflexes seen in newborns, where rooting helps them find food by turning their head toward stimuli and sucking is the reflex that allows them to suckle.
Drive-Reduction Theory
A theory in psychology that explains motivation as being driven by the desire to reduce internal tensions caused by unmet needs.
Water Fountain
A device designed to eject a stream or spray of water for drinking or decorative purposes.
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