2.6 A company has a short-term storage need. A proposal is brought forth to build a temporary...

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2.6 A company has a short-term storage need. A proposal is brought forth to build a temporary warehouse at a cost of $16,000. The annual maintenance and operating cost of the facility is estimated to be $900 per year. Using the temporary storage space saves the company $3600 per year. If the company’s required rate of return is 10%, how many years must the warehouse last?

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