Question: The International Parcel Service has installed a new radio frequency identification system to help reduce the number of packages that are incorrectly delivered. The capital investment in the system is $65,000, and the projected annual savings are tabled below. The system's market value at the EOY five is negligible, and the MARR is 18% per year.

a. What is the FW of this investment?
b. What is the IRR of the system?
c. What is the discounted payback period for this investment?