4-14 A manufacturing firm spends $500,000 annually for a required safety inspection procedure on its pro duction
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4-14 A manufacturing firm spends $500,000 annually for a required safety inspection procedure on its pro duction lines. A new monitoring technology would enable the company to eliminate the need for such inspection. If the interest rate is 10% per year, how much can the company afford to spend on this new technology? The company wants to recover its invest ment in 15 years.
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Related Book For 
Engineering Economic Analysis
ISBN: 9780357419687
11th Edition
Authors: Donald Newnan, Ted Eschenbach, Jerome Lavelle
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