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1. Bank ABC is planning to install an ATM inside the campus. The cost of ATM is 65,000S including the installation costs. It is expected

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1. Bank ABC is planning to install an ATM inside the campus. The cost of ATM is 65,000S including the installation costs. It is expected that 80,000 transactions will be completed by ATM for the first year and the number of transactions will increase by 10,000 every year for the rest of the years. For ATM, the cost of each transaction is 5 cents. Is it a good idea for the bank to install the ATM? Discount rate is 10% Year of life of ATM is 5 years. ( Show your calculations)

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