Order the answer to: A manager of the engineering department of Manchester University is
||A manager of the engineering department of Manchester University is contemplating acquiring 120 computers. The computers will cost £240,000 cash, have zero terminal salvage value, and a useful life of 3 years. Annual cash savings from operations will be £110,000. The required rate of return is 14%. There are no taxes. 1. Compute the NPV. 2. Should the engineering department acquire the computers? Explain.