Question: TimeTrends integrated time clock and payroll system sells for $ 1 9 5 , 2 9 8 . At this price, the annual cost savings

TimeTrends integrated time clock and payroll system sells for $195,298. At this price, the annual cost savings that the system will
generate for Building Keepers, a facilities management company, over its 8-year life will yield an internal rate of return of 14%.
Building Keepers requires that all projects achieve a minimum return of 16%.
Click here to view the factor table.
What price does Building Keepers need to negotiate with TimeTrends so that the system will achieve that return?(For calculation
purposes, use 4 decimal places as displayed in the factor table provided. Round "Annual costsaving" to 0 decimal place, e.g.58,975 and final
answer to 2 decimal places, e.g.58,971.25.)
TimeTrends integrated time clock and payroll system sells for $195,298. At

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