A large automobile manufacturer is considering the installation of a high-tech material handling system for $30,000,000. This system will save $7,500,000 per year in manual labor, and it will incur $2,750,000 in annual operating and maintenance expenditures. The salvage value at the end of the systems 10-year life is negligible. If the companys hurdle rate (MARR) is 14.50% per year, should the system be recommended for implementation?