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Your firm has the option of making an investment in new software that will cost $303,563 today, but will save the company money over several

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Your firm has the option of making an investment in new software that will cost $303,563 today, but will save the company money over several years. You estimate that the software will provide the savings shown in the following table over its 5-year life, . Should the firm make this investment if it requires a minimum annual return of 8% on all investments? The present value of the stream of savings estimates is $ (Round to the nearest dollar.) Should the firm make this investment if it requires a minimum annual return of 8% on all investments? (Select the best answer below.) Yes Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.)

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