Your organization is considering using software from a software manufacturer that offers three different licensing options:

$(1)$ a perpetual license at a cost of $$8,750$ with an upgrade to the next release fee of $$3,500$;

$(2)$ a monthly subscription license at a cost of $$275$ per month; and

$(3)$ an annual subscription license at a cost of $$3,500$ per year.

Technical support and all access to all new releases of the software are included with the subscription licenses but cost an additional $$85$ per month per user with the perpetual license option. The software manufacturer intends to make a major upgrade within the next year or two. Your organization will need $20$ copies of the software and intends to use this software for at least the next five years. Which licensing option is best for your organization?

Use Excel. Build a spreadsheet that compares so you can make a good decision.

Submit your excel file and a comment in Canvas that describes your answer and reasoning.