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A company plans to invest in a computer system to

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%? a.0.5 years b.0.75 years c.0.86 years d.1.00 years

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