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Homework answers / question archive / Analysis for a change project that is being considered reveals that it will cost $70,000 to establish (in year 0), and that the recurring costs for the next 3 years will be $25,000 (in years 1, 2 & 3)

Analysis for a change project that is being considered reveals that it will cost

**$70,000 to establish (in year 0), and that the recurring costs for the next 3 years**

**will be $25,000 (in years 1, 2 & 3). There will be no benefits in year 0, but there will be $96,000 worth of benefits each year in years 1 through to 3. Using the formula above, calculate the payback period and the ROI. What is your recommendation?**

**The payback period is ____ years.**

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**The Return on Investment (ROI) is ____%.**