Question

TimeLight's integrated time clock and payroll system sells for $231,945. At this price, the annual cost savings that the system will generate for Space Solutions, a facilities management company, over its eight-year life will yield an internal rate of return of 14%. Space Solutions requires that all projects achieve a minimum return of 16%.

Required
What price does Space Solutions need to negotiate with TimeLight so that the system will achieve that return?



$1.99
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  • CreatedFebruary 21, 2014
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