The Local School Board Is Considering the Purchase of a New

question 7

Multiple Choice

The local school board is considering the purchase of a new computer system. It will cost $100,000 and will be sold back to the dealer at the end of 6 years for $8,000. If the required rate of return is 14%, what is the minimal annual cost saving required to justify the purchase? Ignore income taxes.

• A) $25,714
• B) $23,142
• C) $24,776
• D) $23,656

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Definitions:

Career Success

The achievement of personal and professional goals and milestones in one's career, often measured by promotions, recognition, and personal fulfillment.

Training

involves educating, instructing, or developing oneself or others in skills and knowledge that relate to specific useful competencies to improve performance.

Workforce

The workforce consists of all the people engaged in or available for work, either in a country or in a particular company or industry.

Women in Their 50s and Older

A demographic group facing unique life transitions and challenges, often including menopause and shifts in familial and social roles.