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Your firm has the option of making an investment in new software that will cost $287,156 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 $287,156 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 11% on all investments? The present value of the stream of savings estimates is $ . (Round to the nearest dollar.) i Data Table - X (Click on the icon localed on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year Savings estimate $82,000 $114,800 $106,600 $57,400 $32,800 Print Done

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