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2. W complying to an environmental policy costs a company 7,000 USD for installing new equipment that lasts for 20 years, whereas the non-compliance fee

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2. W complying to an environmental policy costs a company 7,000 USD for installing new equipment that lasts for 20 years, whereas the non-compliance fee is 1,000 USD per year is it economically feasible to install the new equipment noting that the discount rate is for the first 10 years and 10% for the second 10 years? Why? Solve the problem in the excel file

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