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A new computer & software system will cost $50,000 to purchase. Cost for annual subscriptions are $1200. The software will save $20,000 per year in

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A new computer & software system will cost $50,000 to purchase. Cost for annual subscriptions are $1200. The software will save $20,000 per year in paper costs. The computer system has a salvage value of $1,000 after 4 years. Calculate the computer & software system's present worth for an interest rate of 5%. Provide cash flow diagram (1pt) and show all your work (3pts)

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