Question: Conduct a cost-benefit analysis for implementing a new software system in LMN Company. Use the following data: Category Initial Cost ($) Annual Savings ($) Software


  • Conduct a cost-benefit analysis for implementing a new software system in LMN Company. Use the following data:

    CategoryInitial Cost ($)Annual Savings ($)
    Software Purchase$50,000
    Training$10,000
    Maintenance$5,000$15,000

    Requirements:

    • Calculate the total initial cost and annual savings.
    • Determine the payback period for the investment.
    • Present the analysis in a detailed table format.
    • Discuss the financial feasibility of the software implementation.

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