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The CEO wishes also to find the NPV for the project. Use the following discount factors in your calculations: YR 0 1 2 Discount Factor

The CEO wishes also to find the NPV for the project. Use the following discount factors in your calculations: YR 0 1 2 Discount Factor 1 0.91 0.83 Data for computation: Related Costs Software Purchase $400000 Installation & Training $200,000 Annual Licence Fee (for 12 users) $20,000 Each 2 Data Entry Clerks (annual salary) $400,000 Each Related Benefits Elimination of Overtime Pay to 12 Workers (annually) $80000 Each Current Revenue $10,000,000 Reduction in Paper Cost (annually) $80000 What is the total discounted benefit for the project? Give your answer to 2 decimal places

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