Question 2 You are writing a justification for a new computer tool, costing $130,000, that you would like to purchase for your department. You estimate that, if used correctly, the tool would allow you to reduce the number of physical prototypes that your department has to commission by one third. In the next 3 years, your company is planning to launch a total of 3 new products (note: this is not 3 per year!). In the following 3 years a total of 2 new products are planned. Under the traditional system, each product would require 9 prototypes, each costing $7,000. You can assume that an equal number of prototypes are commissioned each year. The computer tool has ongoing operational expenses. Annual license renewal fees are $8,000 per annum and ongoing operator training costs are $1500 per annum. a. Calculate the simple payback time on the software tool investment. (6 Marks) b. If you were to use a discounted payback time calculation, how might your answer be different? (3 Marks) c. What other calculations or approaches would you use in your justification to support your argument for procuring the computer tool? Provide three likely written supporting arguments that you could use. (4 Marks)