You can buy a computer system today for $ 5 0 , 0 0 0 which will
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Question:
You can buy a computer system today for $ which will last for years from the date of installation. The PV of savings are expected to be $ the NPV of this investment is $
However, you know that these systems are dropping in price every year. When should you purchase the computer?
Please provide an explanation for this Investment Timing Problem
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