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8 00 In addition to the planned 15% growth of the next year, the company is considering a future mega project of introducing a new
8 00 In addition to the planned 15% growth of the next year, the company is considering a future mega project of introducing a new entire production line that can increase its market share by 5%. The company is planning for this expansion to take place four years from today when the company's production team is better prepared for such a leap in production. The total investment cost of this project is $3M, and the company wants to finance it by 50% debt and 50% equity. 8) How much does the company need to save every year, for the coming four years, to raise $1.5M, if its saving account earns an interest rate of 4%? (Do not round intermediate calculations. Round the final answer to 2 decimal places, Omit commas, spaces and $ sign) (10 Points) Enter your
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