B. The following table describes the projected costs and benefits for the next five years of a proposed software development project. Year 1 3 4 Costs (RM) 110,000 15,000 15,000 15,000 15,000 25,000...

Extracted text: B. The following table describes the projected costs and benefits for the next five years of a proposed software development project. Year 1 3 4 Costs (RM) 110,000 15,000 15,000 15,000 15,000 25,000 Benefits (RM) 45,000 50,000 55,000 60,000 63,000 Using the information from above, you are required to answer the following: i) Calculate the cumulative present values of its cost and of its benefits for all the five years. ii) Determine when the payback will occur for this new system.