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A software company's labor requirements currently cost $320,000/year. The labor-hour requirements are expected to increase by 8% per year over the next 5 years. If
A software company's labor requirements currently cost $320,000/year. The labor-hour requirements are expected to increase by 8% per year over the next 5 years. If inflation is 5.5%, determine the labor costs after 5 years using: Then-current dollars. $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is plusminus 50. Constant-worth dollars. $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is plusminus 50
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