Finance

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Nance’s Restaurant, a local independent restaurant, is evaluating new point-of-sale (POS) systems
and must determine if a new installation is feasible. A new POS installation would include
both software and hardware, with a total cost of $20,000. Taking all of these factors into consideration, Nance’s management
forecasts incremental increases in profit over the next three years of $8,000, $9,000, and
$10,000.

??Determine the payback period, present value, and net present value of this project for the three-year
period, utilizing an 8% discount rate.??

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