A company is planning to invest $100,000 (before tax) in a personnel-training program. The $100,000 outlay will be charged off as an expense by the...

6. A company is planning to invest $100,000 (before tax) in a personnel-training program. The $100,000 outlay will be charged off as an expense by the firm this year (year 0). The returns from the program in the form of greater productivity and a reduction in employee turnover are estimated as follows (on an after-tax basis):Years 1–10: