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Upgrade cost Year 1 Year 2 Year 3 Year 4 Year 5 Able $ 7,800 $ 2,600 $ 3,000 $ - $ 3,200 Acre $

Upgrade cost

Year 1

Year 2

Year 3

Year 4

Year 5

Able

$ 7,800

$ 2,600

$ 3,000

$ -

$ 3,200

Acre

$ 11,200

$ 3,600

$ 4,200

$ -

$ 5,600

Adam

$ 1,200

$ -

$ 1,400

$ 1,400

$ -

Aft

$ 2,400

$ -

$ 1,600

$ -

$ 2,200

Agape

$ 1,200

$ -

$ 1,800

$ -

$ 2,200

Year 1

Labor Cost

$ 41,022

Able

$ 10,915.00

Acre

$ 16,863.00

Adam

$ 4,746.00

Aft

$ 4,548.00

Agape

$ 3,950.00

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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