1. In Example 4.1, suppose management asked the manufacturing engineer to determine how long it takes for...

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1. In Example 4.1, suppose management asked the manufacturing engineer to determine how long it takes for the new SMP machine to recover fully its initial cost of $500,000, including the time value of money.

Given: The cash fl ows shown in Figure 4.1; MARR 5 10%; planning horizon 5 10 years Find: DPBP using the Excel NPER function

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