A company wants to replace its physical tape library with a virtual tape library (VTL). To deploy the VTL, the company spends $300,000 for the hardware costs and $60,000 for the implementation…

A company wants to replace its physical tape library with a virtual tape library (VTL). To deploy the VTL, the company spends $300,000 for the hardware costs and $60,000 for the implementation charges. Once the data is migrated from the physical tape library to the VTL, the physical tape library will be decommissioned for a cost of $50,000. The company will gain $60,000 per month due to this VTL implementation. What is the return on investment (ROI) in one year and the break-even point for the company's initial investment?