A project to convert all medical records of a hospital to electronic form is estimated to cost $200,000 and slated to take 6 months to implement. The result of the project would be an immediate cost savings of $100,000 per year for the next 3 years. Assuming a discount rate of 5% per year what is the approximate NPV for this project

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To calculate the Net Present Value NPV of the project we need to discount the future cas... View the full answer