Question 1 of 30
A manufacturing company is considering automating its inventory management process to improve efficiency and reduce costs. The current manual process incurs an annual cost of $120,000, which includes labor, errors, and delays. The proposed automation solution is estimated to cost $300,000 upfront and will reduce annual operational costs by 40%. Additionally, the automation is expected to decrease error rates by 25%, which could save the company an additional $15,000 annually in error correction costs. What is the estimated return on investment (ROI) for the automation solution after the first year?
0.1
0.15
0.2
0.25

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