Invest in computer system to automate a process

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Reference no: EM131159146

A company plans to invest in a computer system to automate a process. The computer system will cost $30,000 and result in a labor savings of $45,000 per year. The operating cost of the system will be $5,000 per year and the system can be sold in 5 years for $3,000. How long does is take to recover the investment using discounted payback if the firms interest rate is 15%? use excel please if possible.

Reference no: EM131159146

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