4. The Brownell Country Club (BCC) is upgrading its catering management system and trying to decide whether to purchase a software system or go with an online version. Which version should the manager of the BCC choose? - Purchasing the program and maintaining it would cost $20,000, with an update needed at the end of five years - The online version requires an annual fee of $5,000 at the end of each year and an initial set-up fee of $1,000 - Brownell's WACC is 9% Choose If purchase, Year Cash Flows 0 NPV If lease, Year Cash Flows 0 1 2 3 4 5 NPV