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2) Cost Benefit Analysis Craig.co is deciding whether to adopt new ordering software. The new ordering software is expected to reduce shipping costs by $2,000

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2) Cost Benefit Analysis Craig.co is deciding whether to adopt new ordering software. The new ordering software is expected to reduce shipping costs by $2,000 a year and decrease downtime leading to yearly increased production of 75 units. The software will cost $10,000 to purchase and a $2,000 yearly fee and is expected to cost $12,000 in implementation and training costs. Each unit costs $650 to produce and sells for $750. The CEO would like to know if the benefits of the new software outweigh the costs over a 5 year period. A) Calculate the totals costs of adopting the new ordering software. I B) Calculate the total benefits of adopting the new ordering software

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