Accelerated Finance is deciding whether to purchase new accounting software. The cost of the software package is $66,000, and its expected life is ten years. The payback for this investment is four years. Assuming equal yearly cash inflows, what are the expected annual net cash savings from the new software? (Assume the investment has no residual value.) A. $264,000 B. $49,500 C. $16,500 D. $6,600 The following details are provided by Ferrous Foundry Company: Initial investment $5,020,000 Discount rate 15% Yearly cash inflows 1 $1,254,000 2 $1,366,000 3 $2,416,000 4 $1,168,000 Present Value of $1: 13% 14% 15% 1 0.885 0.877 0.87 2 0.783 0.769 0.756 O A. $(638,500) B. $592,360 O C. $(595,395) OD. $617,424