The following table describes the projected costs and benefits for the next five years of a proposed software development project. Year 1 2 3 4 5 Costs (RM) 110,000 15,000 15,000 15,000 15,000 25,000 Benefits (RM) 45,000 50,000 55,000 60,000 63,000 Using the information from above, you are required to answer the following: i) Calculate the cumulative present values of its cost and of its benefits for all the five years. ii) Determine when the payback will occur for this new system.

The following table describes the projected costs and benefits for the next five years of a proposed software development project. Year 1 2 3 4 5 Costs (RM) 110,000 15,000 15,000 15,000 15,000 25,000 Benefits (RM) 45,000 50,000 55,000 60,000 63,000 Using the information from above, you are required to answer the following: i) Calculate the cumulative present values of its cost and of its benefits for all the five years. ii) Determine when the payback will occur for this new system.

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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