no spread sheet, handwritten

TUR computer.) You have been asked to help management with this rent vs. buy decision by calculating the total cost of each option over a three-year period. The costs of purchasing the software (actually for purchasing a license from the vendor to use its software package) include the initial purchase price of the software (licensing fee of $100.000 paid in the first year), the cost of implementing and customizing the software in the first year ($20,000), one new server to run the software (a first-year purchase of S4,000), one information systems specialist devoting half of his or her time to supporting the software ($55,000 in full-time annual salary and benefits with a 3% annual salary increase each year after the first year), user training in the first year ($10,000), and the cost of annual software upgrades ($5,000). The costs of renting hosted software are the rental fees ($2,500 annually per user), implementation and customization costs ($12.000 in the first year), and training ($10,000 in the first year). Use your spreadsheet software to calculate the total cost of renting or purchasing this software over a three-year period. Identify the lowest-price alternative that meets E-Bikes' requirements What other factors should E-Bikes consider besides cost in determining whether to rent or buy the hardware and software