Martin is working to develop a preliminary cost$-$benefit analysis for a new client$-$server system.

He has identified several cost factors and values for the new system, summarized in the follnwing

tables:

The benefits of the new system are expected to come from two sources: increased sales and

lower inventory levels. Sales are expected to increase by $$30,000$ in the first year of the system's

operation and will grow at a rate of $10\%$ each year thereafter. Savings from lower inventory levels

are expected to be $$15,000$ per year for each year of the project's life.

Using a format like the spreadsheets in this chapter, develop a spreadsheet that summarizes this

project's cash flow, assuming a $4-$year useful life after the project is developed. Compute the present value of the cash flows $.$using an interest rate of $9\%.$