COLBY HEPWORTH, MANAGER OF THE FEDER CREDIT UNION, IS CONSIDERING THE PURCHASE OF A NEW AUTOMATED TELLER SYSTEM. THE CASH BENEFITS WILL BE $208,000 PER YEAR. THE SYSTEM COSTS $1,088,000 AND WILL LAST TEN YEARS. COMPUTE THE NPV SUMING A DISCOUNT RATE OF 12 PERCENT. SHOULD THE BANK BUY THE NEW TELLER SYSTEM?

COLBY HEPWORTH, MANAGER OF THE FEDER CREDIT UNION, IS CONSIDERING THE PURCHASE OF A NEW AUTOMATED TELLER SYSTEM. THE CASH BENEFITS WILL BE $208,000 PER YEAR. THE SYSTEM COSTS $1,088,000 AND WILL LAST TEN YEARS. COMPUTE THE NPV SUMING A DISCOUNT RATE OF 12 PERCENT. SHOULD THE BANK BUY THE NEW TELLER SYSTEM?

COLBY HEPWORTH, MANAGER OF THE FEDER CREDIT UNION, IS CONSIDERING THE PURCHASE OF A NEW AUTOMATED TELLER SYSTEM. THE CASH BENEFITS WILL BE $208,000 PER YEAR. THE SYSTEM COSTS $1,088,000 AND WILL LAST TEN YEARS. COMPUTE THE NPV SUMING A DISCOUNT RATE OF 12 PERCENT. SHOULD THE BANK BUY THE NEW TELLER SYSTEM?