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What software can help with cost-benefit analysis?

An example of an AI chatbot conversation about software for cost-benefit analysis.

😀
You

What software can help with cost-benefit analysis?

MagicBuddy
MagicBuddy

There are several great options for cost-benefit analysis software. Some popular ones include Excel, R, and specialized tools like Cost-Benefit Analysis Tool (CBAT). What specific features are you looking for?

😀
You

I'm looking for something user-friendly and with good visualization tools.

MagicBuddy
MagicBuddy

In that case, I recommend looking into software like Tableau or Microsoft Power BI. They offer excellent visualization capabilities and are relatively easy to use.

😀
You

Are there any free options available?

MagicBuddy
MagicBuddy

Yes, you can use Google Sheets or R, which are both free and have capabilities for cost-benefit analysis. Would you like to know more about how to use them?

😀
You

Yes, please provide some tips on using Google Sheets for this.

MagicBuddy
MagicBuddy

To use Google Sheets for cost-benefit analysis, start by listing your costs and benefits in separate columns. Use formulas to calculate net present value (NPV) and internal rate of return (IRR). You can also create charts to visualize your data.

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