Question: A company has determined that implementing a new bring your own device (BYOD) strategy for sales agents in the company will require the purchase of

A company has determined that implementing a new "bring your own device" (BYOD) strategy for sales agents in the company will require the purchase of mobile device management software to adequately manage and control corporate data. The total cost of the investment including software licenses, training, certification, and hardware is expected to be as follows: Year 1: $702,000;

Year 2: $570,000;

Year 3: $101,000;

Year 4: $110,000;

Year 5: $48,000

The solution is expected to create savings on PC and software costs for sales agents, and generate new sales due to an increase in sales force efficiency. The net benefits are expected to be as follows: Year 1: $11,000;

Year 2: $230,000;

Year 3: $535,000;

Year 4: $1,137,000;

Year 5: $2,255,000

What is the Return on Investment ratio for this investment? (No more than two decimal places in your answer. Round to the nearest hundredth) Write you answer in the following format: 0.00 NOT in %

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