(f) Write a formula in cell K24 to compute the Total cost for the given server. Total Cost = Rate per hour after discount * # of hours Rented. Copy the formula from K25 to K41.

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Payback Period

Payback period analysis is a method used to determine the relative time value of a project. It measures the time that a project will take to return its initial investment. The total time taken by the project to return the initial investment made for the project is called the payback period.