NEED HELP ASAP An e-commerce company is considering a technology upgrade that would...

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Finance

NEED HELP ASAP

An e-commerce company is considering a technology upgrade that would significantly streamline its order fulfillment process. It has an existing order fulfillment process that is mostly manual; while it works, it is inefficient. Purchasing the technology upgrade would require an up-front investment of $475,000. It would have an annual operating and maintenance cost of $22,000, but would result in labor savings of $135,000 per year. The company is considering an 8 year investment horizon; at the end of this horizon, the technology upgrade will have a $22,000 salvage value. Assume that the companys MARR is 11% and compute the present worth of the technology upgrade.

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