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Upgrade cost Total Able $16,600 Acre $24,600 Adam $28,600 Aft $6,200 Agape $5,200 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6

Upgrade cost

Total

Able

$16,600

Acre

$24,600

Adam

$28,600

Aft

$6,200

Agape

$5,200

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Labor Cost

Savings

Savings

Savings

Savings

Savings

Savings

Able

$10,915

$1,092

$2,074

$2,958

$2,958

$3,754

$3,754

Acre

$16,863

$1,686

$3,204

$4,570

$4,570

$5,799

$5,799

Adam

$4,746

$475

$476

$902

$1,286

$1,286

Aft

$4,548

$455

$455

$864

$863

$1,233

$1,233

Agape

$3,950

$395

$395

$751

$751

$1,070

$1,070

Assuming that each upgrade will decrease labor costs by 10%, calculate the discounted payback period for the upgrade for each product (Able, Acre, Adam, Aft, Agape). Assume a 14% discount rate.

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