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A recently hired chief executive officer wants to reduce future production costs to improve the company s earnings, thereby increasing the value of the company

A recently hired chief executive officer wants to reduce future production costs to improve the companys earnings, thereby increasing the value of the companys stock. The plan is to invest $86,000 now and $54,000 in each of the next 3.00 years to improve productivity. By how much must annual costs decrease in years 4.00 through 12.00 to recover the investment plus a return of 14.00% per year? (Round the final answer to three decimal places.)
The annual cost decreases by $

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