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Suppose Franny Dip's Sweets is considering investing in warehouse-management software that costs $ 600 comma 000, has $ 60 comma 000 residual value, and should

Suppose Franny Dip's Sweets is considering investing in warehouse-management software that costs $ 600 comma 000, has $ 60 comma 000 residual value, and should lead to cost savings of $ 125 comma 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 (average amount invested in the asset)?

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