A firm might purchase a computerized quality control system. The proposed system will cost $76,000, but is expected to save $22,000 each year in reduced overtime. The firm requires that all cost...

A firm might purchase a computerized quality control system. The proposed system will cost $76,000, but is expected to save $22,000 each year in reduced overtime. The firm requires that all cost reduction projects have a discounted payback of no more than 4 years with a 10% interest rate. Should the firm invest in the new system?