Your vice president of MIS informs you that she has researched the possibility of automating your organization's
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Question:
Your vice president of MIS informs you that she has researched the possibility of automating your organization's order system.She has projected that the new system will reduce labor costs by $25000 each year over the next five years. The purchase price (including installation and test) of the new system is $105250. The system is expected to have a useful life of five years,after which time it can be sold in the secondary computer systems market for $10250. What is the internal rate of return of this investment if the discount rate is 8.5% per year?
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