Conduct a cost-benefit analysis for IBM's implementation of a new information technology system:

• Costs:
  • Initial Investment: $10 million
  • Annual Maintenance Cost: $1.5 million
  • Training Expenses: $500,000
• Benefits:
  • Expected Annual Cost Savings: $3 million
  • Increase in Productivity: 20%
  • Reduction in Error Rates: 15%

Evaluate the costs and benefits of the IT system implementation and provide a recommendation based on the analysis.