Alternative 1: Workday Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Purchase of Software -$800,000 $0 $0 $0 $0 Annual Fee -$250,000 -$250.000 -$250,000 -$250.000 -$250.000 -$250.000 -$250,000 Cost per Employee license -$25,000 -$27,500 -$28,000 -$30.000 -$30.131 -$29.400 -$29,600 Training -$7,500 -$2.000 -$2,000 -$2.000 -$2.000 -$2.000 -$2,000 Maintenance (Updates) $0 $0 -$6,000 $0 -$6.000 $0 Cloud Storage -$15,000 -$16.000 -$17,000 -$18,000 -$18.350 -$17.000 -$17,250 Income $680,000 $630.978 $619,082 $708.098 $715.340 $612.764 $628,943 Total $417,500 $335,478 $316,082 $408,098 $414,859 $308,364 $330,093 NPV $214,970.74 Alternative 2: Paycor Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Purchase of Software -$453,000 $0 $0 $0 SO $0 Annual Fee -$125,000 -$125,000 -$125,000 -$125,000 -$125.000 -$125.000 -$125,000 Cost per Employee license -$14,500 -$15,000 -$16,500 -$18,000 -$18.764 -$16.450 -$16.987 Training -$7,500 -$3.500 -$3,500 -$3.500 -$3.500 -$3.500 -$3,500 Maintenance (Updates) $0 $0 $0 -$3,450 $0 $0 -$3,450 Cloud Storage -$15,000 -$16,000 -$17,000 -$18.000 -$18.453 -$16.942 -$17,123 Income $680,000 $630.978 $619.082 $708,098 $715.340 $612.764 $628.943 Total $65,000 $471,478 $457,082 $540,148 $549,623 $450,872 $462,883 NPV $1,541,393.27 Alternative 3: Paylocity Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Purchase of Software -$675.000 $0 $0 $0 $0 $0 $0 Annual Fee -$300,000 -$300,000 -$300.000 -$300,000 -$300,000 -$300,000 -$300,000 Cost per Employee License -$19.750 -$20,150 -$22.000 -$24.000 -$25,300 -$23,100 -$23.900 Training -$7.500 -$2.750 -$2.750 -$2.750 -$2,750 -$2.750 -$2.750 Maintenance (Updates) $0 -$3,000 $0 -$3,000 $0 $0 $0 Cloud Storage -$15.000 -$16,000 -$17.000 -$18,000 -$18,630 -$17,230 -$17.760 Income $680.000 $630,978 $619.082 $708.098 $715,340 $612.764 $628.943 Total $337,250 $289,078 $277,332 $360,348 $368,660 $269,684 $284,533 NPV $238,951.56