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TimeTrends integrated time clock and payroll system sells for $259,642. At this price, the annual cost savings that the system will generate for Building Keepers,
TimeTrends integrated time clock and payroll system sells for $259,642. At this price, the annual cost savings that the system will generate for Building Keepers, a facilities management company, over its 7 -year life will yield an internal rate of return of 11%. Building Keepers requires that all projects achieve a minimum return of 13% Click here to view the factor table What price does Building Keepers need to negotiate with TimeTrends so that the system will achieve that return? (For calculation purposes, use 4 decimal places as displayed in the foctor table provided. Round "Annual cost soving" to 0 decimal place, es. 58,975 and final answer to 2 decimal places, es. 58,971.25.) Negotiation price $
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