Lisa is considering a wireless order-taking system, and she has asked you to do a cost analysis of acquiring it. Consider the following information in your analysis:
• The acquisition cost is $35,000 paid at the time of installation.
• It reduces the wait staff by one person: Figure $10 per hour, or 2020 hours per year + 18% benefits.
• Money costs are 7%
• The system may become obsolete in three years.