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Need to calucate over a five-year period:
Net Present Value
Return of Investment
Internal rate of Return
Payback Method
Assume a 5 percent interest rate for net present value calcuations
Costs:
Design ad Implemention Staff: $5000
Inforamation Sstems Staff: $15,000
Gathering & Entering data: $5500 initial; $1000 annual
Maintence & Support: $3000 annually
Savings:
2 hours per week for 2 staff members: Salaries are $37000 & $42000
Current Recruiting Costs: $11000 annually
Will be installed at end of 2016, return on investment in 2017 - 2021
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