You are the project leader for a development team considering developing a software product for tracking blood
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Question:
You are the project leader for a development team considering developing a software product for tracking blood donations. Market analysis suggests your company could make profits of $125,000 for the first year and then profits decrease by 6% annually. You will sell this software product for 4 years. To cover the software product development costs right now, your company would withdraw money from an investment account paying 7.5% APR compounded annually. Using P/A-G equations, What is the maximum amount of money you will recommend that your company be willing to invest now to develop this software product?
Related Book For
Project Management The Managerial Process
ISBN: 978-1259666094
7th edition
Authors: Erik W. Larson, Clifford F. Gray
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