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A company is considering a plant expansion that is expected to cost $10 million now and another $10 million 1 year from now. If total

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A company is considering a plant expansion that is expected to cost $10 million now and another $10 million 1 year from now. If total operating costs will be $1.2 million per year starting 1 year from now, and the estimated salvage value of the plant is virtually zero, how much must the company make annually in years 1 through 10 to recover its investment plus a return of 15% per year? Enter the answer in millions as a number WITHOUT the dollar sign and/or commas. Answer: A company is considering a plant expansion that is expected to cost $10 million now and another $10 million 1 year from now. If total operating costs will be $1.2 million per year starting 1 year from now, and the estimated salvage value of the plant is virtually zero, how much must the company make annually in years 1 through 10 to recover its investment plus a return of 15% per year? Enter the answer in millions as a number WITHOUT the dollar sign and/or commas

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