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Business, 28.06.2021 22:20 josephvcarter

Johnson thermal products used austenitic nickel chromium alloys to manufacture resistance heating wire. The company is considering a new annealing drawing process to reduce costs. Assume that the companies mar is a real 12% per year and the inflation rate is 3% per year. If the new process will cost $3.7 million now, how much must be saved each year to recover the investment in 5 years? a. $2,103,784.b. $603,784.c. $1,103,784.d. $1,603,784.

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