What is payback period for this software

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Reference no: EM133247898

Assignment:

A software solution is expected to cost $1.2 million to implement, with $560,000 in implementation labor costs. The solution is expected to cost $250,000 annually in on-going maintenance and support labor. The benefits are expected to be $2.9 million in labor and operations savings per year.

- What is the ROI, NPV Savings, lTT, and Payback period for this software? Post your answer on the discussion board.

- There is a possibility that implementation costs might double and predicted benefits might fall by 50%. Would you still approve this project?

Reference no: EM133247898

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