At Applebees, Presto tablets by E la Carte are being installed at every table.

At Applebees, Presto tablets by E la Carte are being installed at every table. In total, Applebees will be purchasing 100,000 tablets. Customers will be able to pay their food bill and order appetizers and desserts using the tablets. The tablets are not replacing wait staff; wait staff will still take the orders for entrees. Applebees does not expect to reduce the work hours of its wait staff due to the tablet installation. By allowing customers to pay whenever they want using the tablets, it is expected that customers will be more satisfied, both with the ease and speed of payment. Diners are expected to get out the door faster with the new tablet payment method.The tablets will also function as jukeboxes at individual tables since customers can select and pay for music tableside. In addition, customers will be able to play games on the tablets for a small fee. The music and game sales revenue will be split between Applebees and E la Carte.In addition to the initial purchase price of the tablet hardware, Applebees will be paying E la Carte a subscription fee for the use and upkeep of the tablets.Data and assumptions used the following assumptions for data for this exercise (all figures are assumptions only):Each tablet has an initial purchase price of $250The annual subscription fee per tablet is $50Average revenue generated per day by each tablet is $1Average number of days each tablet is in use each year is 360 daysAdditional annual IT costs incurred for tablet integration into Applebee’s system is $225,000

The useful life of the tablets is four years. Ignore depreciation and taxes.QuestionsCalculate the NPV of the investment in the tablets using a discount rate of 6%.Now calculate the NPV of the investment in the tablets using a discount rate of 12%.Does this investment in the tablets appear to be a financially sound investment for Applebees? Why or why not?Recalculate the NPV of the investment now using an estimated useful life for the tablets of three years instead of four years. Assume a discount rate of 6%. What happens to the NPV compared to when the useful life was assumed to be four years? Does this investment still appear to be financially sound?At Applebees, Presto tablets by E la Carte are being installed at every table. In total, Applebees will be purchasing 100,000 tablets. Customers will be able to pay their food bill and order appetizers and desserts using the tablets. The tablets are not replacing wait staff; wait staff will still take the orders for entrees. Applebees does not expect to reduce the work hours of its wait staff due to the tablet installation. By allowing customers to pay whenever they want using the tablets, it is expected that customers will be more satisfied, both with the ease and speed of payment. Diners are expected to get out the door faster with the new tablet payment method.The tablets will also function as jukeboxes at individual tables since customers can select and pay for music tableside. In addition, customers will be able to play games on the tablets for a small fee. The music and game sales revenue will be split between Applebees and E la Carte.In addition to the initial purchase price of the tablet hardware, Applebees will be paying E la Carte a subscription fee for the use and upkeep of the tablets.Data and assumptionsUse the following assumptions for data for this exercise (all figures are assumptions only):Questions

Our Service Charter

1. Professional & Expert Writers: I'm Homework Free only hires the best. Our writers are specially selected and recruited, after which they undergo further training to perfect their skills for specialization purposes. Moreover, our writers are holders of masters and Ph.D. degrees. They have impressive academic records, besides being native English speakers.

2. Top Quality Papers: Our customers are always guaranteed of papers that exceed their expectations. All our writers have +5 years of experience. This implies that all papers are written by individuals who are experts in their fields. In addition, the quality team reviews all the papers before sending them to the customers.

3. Plagiarism-Free Papers: All papers provided by I'm Homework Free are written from scratch. Appropriate referencing and citation of key information are followed. Plagiarism checkers are used by the Quality assurance team and our editors just to double-check that there are no instances of plagiarism.

4. Timely Delivery: Time wasted is equivalent to a failed dedication and commitment. I'm Homework Free is known for timely delivery of any pending customer orders. Customers are well informed of the progress of their papers to ensure they keep track of what the writer is providing before the final draft is sent for grading.

5. Affordable Prices: Our prices are fairly structured to fit in all groups. Any customer willing to place their assignments with us can do so at very affordable prices. In addition, our customers enjoy regular discounts and bonuses.

6. 24/7 Customer Support: At I'm Homework Free, we have put in place a team of experts who answer to all customer inquiries promptly. The best part is the ever-availability of the team. Customers can make inquiries anytime.