The estimated buget for the RFID system implementation is R$1815000,$ based on that knowledge. Estimate the following.

$1.$ Net Present Value : NPV$=$ I $+$Ft$/(1+$k$)^$t

NPV $=$ Net Present Value

Ft$=$ Net cash inflow

k$=$ required rate of return

t $=$ no$.$ of years

I $=$ Initial investment

$2.$ Payback period

Payback $=($Initial Investment$)/($Annual saving$)$

$3.$ Rate of return

Rate of return formula

Rate of return $=($Annual savings$)/($Initial investment$)/$ Rate of return $=1/$Payback