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Business, 15.05.2021 22:20 natu2072

A maker of micromechanical systems can reduce product recalls by 10% with the installation of new packaging equipment. If the cost of the new equipment is expected to be $70,000, 6 years from now, how much could the company afford to spend now (instead of 6 years from now) at a minimum attractive rate of return of 14% per year?

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