Cash payback period, net present value analysis, and qualitative considerations

The plant manager of Orlando Electronics Company is considering the purchase of new automated assembly equipment. The new equipment will cost $$207,000.$ The manager believes that the new investment will result in direct labor savings of $$69,000$ per year for $10$ years.

$\backslash$table$[[$Present Value of an Annuity of $$1$ at Compound Interest,$],[$Year$,6\%,10\%,12\%,15\%,20\%$