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Suppose Canadian Tire is considering investing in warehouse-management software that costs $500,000, has $50,000 residual value, and should lead to cost savings of $120,000 per

Suppose Canadian Tire is considering investing in warehouse-management software that costs $500,000, has $50,000 residual value, and should lead to cost savings of $120,000 per year for its five-year life. In calculating the ARR, which of the following figures should be used as the equation's denominator? Question 36 options: $225,000 $450,000 $500,000

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