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A company is trying to decide how much to sell its new Widget, which could save $1,500 a year in energy costs. Their clients use

A company is trying to decide how much to sell its new Widget, which could save $1,500 a year in energy costs. Their clients use an 8% discount rate and require payment of the present value of the savings for the system that only looks at 4 years of savings. How much can they sell the product for?

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