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Your firm has the option of making an investment in new software that will cost $195,269 today, but will seve the company money over several

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Your firm has the option of making an investment in new software that will cost $195,269 today, but will seve 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 retum of 12% on all investments? The present value of the stream of savings estimates is \$ (Round to the nearest dollar.) (Click on the icon here into a spreadsheet.)

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