A large research hospital is considering a new computer-based training course for lab safety. The total cost of the hospital's current training program is $80,000 per year. If the new training program will reduce these costs to $60,000 per year, what is the maximum acceptable cost to initiate the program to reach the break-even point within three years? What is the return on investment for that scenario?

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05-04-2018
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A large research hospital is considering a new computer-based training course for lab safety. The total cost of the hospital's current training program is $80,000 per year. If the new training program will reduce these costs to $60,000 per year, what is the maximum acceptable cost to initiate the program to reach the break-even point within three years? What is the return on investment for that scenario?

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TheSandman1337 TheSandman1337 · Answer 1 · 2018-04-14T17:30:18+02:00

TheSandman1337 TheSandman1337

14-04-2018

First of all, let us calculate the annual gains: they are 80000-60000=20000$. In three years, the profit will be 3*20000=60000$. Hence, the break-even investment would be 60000$. For a year after that, the profit will be 20000$; hence the return on investment would be 20000/60000=33,33% per year. After 6 years, the investment would have yielded a 100% profit (return on investment).

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