your firm has the option of making an investment in new software that will cost $222,483 today but will save the company money over several years. You estimate thag the software provides the savings shown in the following table over its 5 year life.

1. what is the present value of the stream of savings estimates? round to nearest dollar

2. should the firm invest if it requires an annual return or 7% on all investments?

Data table in order to copy the contents of the data table below (Click on the icon here into a spreadsheet.) Year 1 2 3 4 5 Savings estimate $58,000 $81,200 $75,400 $40,600 $23,200 Print Done lp 99