Additional information here: This is the annual savings; patron can use credit or debit cards and reduces amount of human ticket sellers. If the cost of capital is 8%, should the city purchase the ticket selling machines? Justify your answer

Year 1 Cost savings: 50k

Year 2 Cost savings: 60k

Year 3 Cost savings: 75k

Year 4 Cost savings: 90k

Year 5 Cost savings: 90k