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Your firm has the option of making an investment in new software that will cost $141,928 today, but will save the company money over

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Your firm has the option of making an investment in new software that will cost $141,928 today, but will save the company money over several years. You estimate that the software will provide th 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 7% on all investments? The present value of the stream of savings estimates is $ (Round to the nearest dollar.) - X Data table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year 1 Savings estimate $37,000 $51,800 2345 $48,100 $25,900 $14,800 Print Done

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