9. 2.85 By spending $10,000 now, and $25,000 three years from now, a plating company can increase...

Question:

9. 2.85 By spending $10,000 now, and $25,000 three years from now, a plating company can increase its income in years 4 through 10. How much extra income per year is needed in years 4 through 10 to recover the original expenditures plus a return of 12% per year?

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