Question: Your business needs to purchase a security system sometime within the next three years. While the system will save your company $50,000 over its life,

Your business needs to purchase a security system sometime within the next three years. While the system will save your company $50,000 over its life, the cost of computers continues to decline. With the following data and a cost of capital = 15%, when should you buy the computer? Purchase Year Cost Future Savings 0 50,000 50,000 1 46,000 50,000 2 42,000 50,000 3 41,000 50,000

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