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A company is considering investing in an IT project. The initial cost of the project is $95,000, and the annual expenses are estimated to be

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A company is considering investing in an IT project. The initial cost of the project is $95,000, and the annual expenses are estimated to be $14,000. This project has a useful life of 10 years and starts to have benefits in the fifth year. The annual benefits from year 5 to year 10 are $45,000. The interest rate is 7% per year. Would you recommend the company to invest in the project based on future worth analysis

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