Question: Amazon's IT department is proposing three software projects for the in-garage delivery services system to solve the problem of lost and stolen packages. Financial information

Amazon's IT department is proposing three software projects for the in-garage delivery services system to solve the problem of lost and stolen packages. Financial information for the three projects is presented below. Using the payback period, determine which project Amazon should invest in.

Project Name Project life Investment ($) Annual savings ($)
Loops 8 250,000 32,000
Luna 4 146,000 65,000
Lexi 6 125,000 14,750

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