Business, 05.11.2020 18:40 kaitlan225

A manufacturing firm spends $350,000 annually for a required safety inspection program. A new monitoring technology would eliminate the need for such inspection. If the interest rate is 8% per year, how much can the firm afford to spend on this new technology? The firm wants to recover its investment in 20 years. Contributed by Hamed Kashani, Saeid Sadri, Baabak Ashuri, Georgia Institute of Technology

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