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Your firm has the option of making an investment in new software that will cost $285,692 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 $285,692 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, E. Should the firm make this investment if it requires a minimum annual return of 9% on all investments? The present value of the stream of savings estimates is $ (Round to the nearest dollar.) (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Year 1 2 Savings estimate $78,000 $109,200 $101,400 $54,600 $31,200 3 4 5

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