Your vice president of Management Information Systems informs you that she has researched the possibility of automating

Question:

Your vice president of Management Information Systems informs you that she has researched the possibility of automating your organization’s order-entry system. She has projected that the new system will reduce labor costs by $35,000 each year over the next five years. The purchase price (including installation and testing) of the new system is $125,000. What is the net present value of this investment if the discount rate is 10% per year?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: