Question 4: a) Suppose that we are considering the installation of a small computer to accomplish internal tasks of payroll computation, invoicing, and other routine accounting. The purchase price is quoted as $300,000 and the salvage value five years later is expected to be $100,000. The operating costs are expected to be $100,000 per year, mainly for personnel to program, operate, and maintain the computer. What is the present value of the costs to own and operate the computer over its five-year economic life? The value of money in the organization is 15%