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Solve this question. The International Parcel Service has installed a new radio frequency identification system to help reduce the number of packages that are incorrectly
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The International Parcel Service has installed a new radio frequency identification system to help reduce the number of packages that are incorrectly delivered. The capital investment in the system is $65,000, and the projected annual savings are tabled below. The system's market value at the EOY five is negligible, and the MARR is 18% per year. Calculate the (1) present worth of the project, (2) annual worth of the project, (3) return on investment of the project, and (4) payback period of the project. End of Year 1 2 3 4 5 Savings $25,000 $30,000 $30,000 $40,000 $46,000
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