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Blooming Sun investment corporation is facing problems in their records maintenance, So they have decided to launch a new Management Information system. The cost of MIS includes 150 computers at $500 each, 5 Printers at $400 each, 5 network connections at $900 each, 20 boxes of Papers and stationery at $50 each, 5 Scanners at $2995 each. The training cost that is required to be provided to the staff includes fringe benefits $50 each to 150 participants, 15 trainers at $ 500 each. Training room is required for three sessions which will cost $750 per session and administrative cost is $300 per session.
The experts have estimated that the new MIS will be helpful in adding $25000 per year in benefits.
Questions:
1. Identify the direct cost, Training cost and total cost of Management information system?
2. In how many years the breakeven of this project cost will be achieved?
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