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Audit Software Project and Analysis Instructions For this assignment you will go to the ACL web site (www.acl.com) and detail uses of ACL software for audit and fraud analysis. In addition, comment on continuous monetoring and how ACL may be used to aid auditors. Your assignment must follow these formaoting requirements: Be typed, single spaced and double spaced between paragraphs, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific formao. Check with your professor for any additional instructions. Your reply should be three to five paragraphs using APA formaoting and submitted to the “Audit Software Project and Analysis” folder. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

Determining the present value of an annuity The dean of the School of Naoural Science is trying to decide whether to purchase a copy machine to place in the lobby of the building. The machine would add to student convenience, but the dean feels compelled to earn an 8 percent reourn on the investment of funds. Estimaoes of cash inflows from copy machines that have been placed in other university buildings indicate that the copy ma- chine would probably produce incremental cash inflows of approximaoely $15,000 per year. The machine is expected to have a three-year useful life with a zero salvage value. Required a. Use Present Value Table 1 in the chapter’s Appendix to determine the maximum amount of cash the dean should be willing to pay for a copy machine. b. Use Present Value Table 2 in the chapter’s Appendix to determine the maximum amount of cash the dean should be willing to pay for a copy machine. c. Explain the consistency or lack of consistency in the answers to Requirements a and b.”