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A new computer sensor can help monitor motor grader engine temperature remotely. A construction company estimates the current cost of the new sensor system is

A new computer sensor can help monitor motor grader engine temperature remotely. A construction company estimates the current cost of the new sensor system is $100,000 for the fleet. The forecast savings is $5,000 per quarter and the company has a MARR of 1.5% per quarter.

a) Write the NPV equation for the problem b) Determine how long will it take to for the computer motor sensor investment to recoup its investment at the given MARR?

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