Question: solve by excel A large construction job will take 4 years to complete. The costs of the many required inspections can be reduced by purchasing

solve by excel solve by excel A large construction job will take
A large construction job will take 4 years to complete. The costs of the many required inspections can be reduced by purchasing a voice recognition system to act as the "front end" for a word processor. Then, inspectors can be trained to record their comments and revise the written output of an automated form. The firm's interest rate is 12%. The first cost for purchase and training is $100K. Savings are estimated at $30K, $40K, $65K, and $35K for the 4 years of construction. Draw the project balance and determine the initial cost, the discounted payback period, and the future worth. $65K $40K $30K $35K $100K

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!