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Your firm has the option of making an investment in new software that will cost $199,607 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 $199,607 today, but will save the company money over several years. You estimate th 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.) Should the firm make this investment if it requires a minimum annual return of 11% on all investments? (Select the best answer below.) O Yes i Data Table - X (Click on the icon here into a spreadsheet.) in order to copy the contents of the data table below Year U AWN Savings estimate $57,000 $79,800 $74,100 $39,900 $22,800 Print Done

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