A large beverage Company wants to implement an ERP Solution to its $19$ Operating Countries. In the first phase, it is keen to deploy this solution to North American Supply Chain, Finance and Operations under a program called 'Umbrella'. There are $3$ projects: Canada US and Mexico Roll ins. Key benefits are reduction in operating cost, inventory, and people cost by $27\%$ yielding a $$1\mathrm{.}5$ Million recurring benefits before tax from Year$-1.$ Investments for a full$-$fledged implementation are $10$ Million USD with $5$ Million in Yr$-1,3$ Million Yr$-2,$ and $2$ Million Yr$-3.$ Company uses Straight line method of depreciation @ $20\%$ year on year and evaluates the investment over $5$ year time horizon. Applicable tax rate is $30\%.$ The CFO has indicated that Company's cost of funds is $12\mathrm{.}38\%.$ With this information, would this program be approved?

SELECT THE CORRECT ANSWER

Yes

No

Depends on the CIO Decision

No information exists