2. 3.29 The West Gulf Maritime Association and Port Houston spent

$500,000 on two simulators to give new crane operators experience in the cab of ship-to-shore cranes that unload massive containers. If the simulator gets new operators to more quickly meet the expected standard of moving 30 to 35 containers each hour, what must be the savings in operator training and accident reduction costs each year in order to recover the investment in 5 years at an interest rate of 10% per year compounded quarterly? Use a formula or spreadsheet function to solve, as instructed.