You are examining the potential acquisition of a new technology that will be used for six years and for which there is annual demand of 25,000 units of business. Use the following data to calculate the benefit cost ratio and average payback period and indicate if you would pursue it or not. The equipment purchase price is $4,500,000 plus a $500,000 installation fee. Maintenance is included for the first year, an item that has an annual cost of $25,000. Volume is exported to grow over time starting with 10,000 units in the first year, growing by 5,000 each year thereafter. The price charged per unit is $50.00 with a 75% collection rate. Five FTEs earning $35/hour are eliminated because of this technology. The fringe benefits rate is 20%. The hurdle rate is 4.5%.