The AA Company is considering buying a new computer system. The relevant capital budgeting information is provided below $($ignore income tax in the problem$)$:

$\backslash$table$[[\backslash$table$[[$Cost of the new computer system$],[$Annual savings in$]],$$$,120,000],[\backslash$table$[[$Annual savings in cash operating cost$],[$Life of the svstem in$]],$$$,20,000],[\backslash$table$[[$Life of the system in years$],[$Required rate$]],,8],[$Required rate of return,,$6\%$