Purchasing the software package
Critique the following statements:It would cost us $800,000 to build this system, but we can purchase an equivalent package for $125,000. Therefore, we can save $675,000 by purchasing the software package.Please include references.
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Calculate the payback period (P/B) and the net present value (NPV) for the project.
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Therefore, we can save $675,000 by purchasing the software package. Please include references.
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