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Problem 2: Your firm has the option of making an investment in new software that will cost $278,367 today and is estimated to provide the

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Problem 2: Your firm has the option of making an investment in new software that will cost $278,367 today and is estimated to provide the savings shown in the following table over its 5-year life, Year Savings estimate 1 $%76,000 2 $106,400 3 $98,800 4 $53,200 5 $30,400 Should the firm make this investment if it requires a minimum annual return of 9% on all investments

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