A engineering firm plans to buy new software to improve efficiency. The software has an initial cost of $14,000, and is expected to increase profit by $3,000 per year. Determine the payback period for the software including the effect of interest using an MARR of 8%. Express your answer in years to the nearest whole year.

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.