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1. The Green Solutions company's manufacturing process has present operating costs of $12 million annually and waste disposal costs of $4.2 million. The operations manager
1. The Green Solutions company's manufacturing process has present operating costs of $12 million annually and waste disposal costs of $4.2 million. The operations manager wishes to upgrade the process by installing new equipment at a capital cost of $24 million. This will reduce the annual operating and waste disposal costs to $8 million and 2.3 million respectively. Compare the two processes on a present worth basis. Use 12% interest for 10 years as a basis for calculation, (15 pts)
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