Business, 30.06.2021 02:00 cocoj3205

Timken roller bearing is a manufacturer of seamless tubes for drill bit collars. Company is planning to add larger capacity robotic arms to one of its assembly lines 3 years from now. If it is done now, the cost of the equipment is $2.4 million. Assume that the company's real MARR is 15% per year and the inflation rate is 2.8% per year. Determine the equivalent amount the company can spend 3 years from now in then-current dollars. a. $4,943,200.
b. $2,943,200.
c. $3,943,200.
d. unknown.

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Timken roller bearing is a manufacturer of seamless tubes for drill bit collars. Company is planning...

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