Given the following information concerning a four-year planning horizon for a particular ERP system implementation: Licensing rights
Question:
Given the following information concerning a four-year planning horizon for a particular ERP system implementation: Licensing rights for all four (4) years - $400,000 Application server and database server purchase - $75,000 (four-year expected life) Computer purchases and upgrades - $28,000 (one-time charge) Maintenance contract for computers and servers -- $5,500 per year Training - $10,000 for the first year, $5000 for the remaining three years Consulting - Free for the first 6 months then $12,000 per year (prorated for partial years) New hire - Database/ERP system administrator at $200,000 annual salary (includes benefits) Total consulting costs over the four-year planning horizon are: Group of answer choices not enough information to determine $12,000 $42,000 $48,000 $36,000
Basic Finance An Introduction to Financial Institutions Investments and Management
ISBN: 978-1111820633
10th edition
Authors: Herbert B. Mayo