A new information system for CompuTechnoSoftTeleBizWare could be developed at a cost of $125,000. The initial cost, estimated net operating costs, and estimated net benefits over five years of operation are shown in Table 1. Note that year 0 is not a twelve-month periodit is the instant the project starts. What is the net present value of the investment? To the nearest month, when does this project achiever a non-negative NPV?

Year Initial Cost Annual Costs Annual Benefits

0 $125,000

1 $3,500 $26,000

2 4,700 34,000

3 5,500 41,000

4 6,300 55,000

5 7,000 66,000